Acquisition of Adani Capital opens access to India's 'underbanked' market, Bain says

Barnaby Lyons, a partner and global co-head of Bain Capital Special Situations, noted the deal will provide a crucial lending perform to India's micro, small and medium enterprises, a market that is growing rapidly.People walk past a screen displaying news featuring on Adani Group inside the BSE building in Mumbai, India, on Thursday, Feb. 2, 2023.U.S.

The deal will provide a crucial lending platform to India's micro, small and medium enterprises — a market that is growing rapidly, said Barnaby Lyons, a partner and global co-head of Bain Capital Special Situations. "Just the structurally underbanked nature of the economy means that there is a ... need for innovative finance platforms like Adani Capital," he told CNBC's ""This specific business sits in a segment — small lending to micro SMEs, the agricultural space and affordable housing, which actually benefits from some of the best demand supply dynamics."

Despite the structural growth trends in this segment, "the granular nature of the lending makes it difficult for the traditional banks to access," Lyons added.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

SF Giants place trade acquisition on injured list, recall Heliot RamosSF Giants’ AJ Pollock placed on 10-day injured list with oblique strain
Sumber: mercnews - 🏆 88. / 68 Baca lebih lajut »

Dave Portnoy Got One Hell of a Deal on His Re-Acquisition of BarstoolBarstool Sports founder Dave Portnoy reportedly bought back his company from Penn Entertainment for just $1.
Sumber: thedailybeast - 🏆 307. / 63 Baca lebih lajut »

Trade acquisition Michael Lorenzen throws no-hitter in second career Phillies startThe 31-year-old right-hander blanked the Washington Nationals on a day Weston Wilson homered in his first MLB at-bat.
Sumber: njdotcom - 🏆 282. / 63 Baca lebih lajut »

RWE quadruples investments to $9.9 bln in H1 due to U.S. acquisitionRWE , Germany's largest utility, more than quadrupled investments in the first half of 2023 to 9 billion euros ($9.9 billion), it said on Thursday, citing the 6.3 billion euro acquisition of Con Edison's clean energy business.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Cross-chain wallet BitKeep changes name to Bitget Wallet after acquisitionWallet users will be able to share the $360 million User Protection Fund alongside Bitget exchange users.
Sumber: Cointelegraph - 🏆 562. / 51 Baca lebih lajut »