South-based gold loan provider Manappuram Finance is on the prowl for acquisition of microfinance companies as it looks to grow its share of non-gold loans, riding on the sector’s success story.
Manappuram said it is currently in talks with a few entities in the north and east, but is yet to zero in on its preferred candidates.
“We want to acquire MFIs in the north and east,” Manappuram finance managing director VP Nandakumar told ET over the telephone.
For more on this story visit the following story: Manappuram Finance Looks to Acquire microfinance companies in North and East
Source: The Economics Times