Other Private Equity/Strategic Investments
MFI Annapurna Finance plans to raise $75-100-M
Bhubaneswar-based micro-finance institution (NBFC-MFI) Annapurna Finance plans to raise between USD 75 - 100 million in equity capital. The transaction is expected to facilitate partial or full exits for some of the company’s early investors, including Asian Developmental Bank and Oman Joint India Investment Fund. Unitus Capital is acting as the financial advisor for the process.Founded in 2009 by Gobinda Chandra Pattanaik and Dibyajyoti Pattanaik, the company specializes in microfinance with a strong operational presence in Bihar, Odisha, and Madhya Pradesh.Annapurna Finance plans to use the new funds to bolster its presence in non-microfinance segments, such as MSME loans and affordable housing, and to support broader growth strategies.
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