Warburg eyes 30% stake in Indian shadow bank Vistaar for $150 mn: Sources

Founded in 2010, Vistaar provides small business loans to shops, mills, hotels and manufacturers. It operates 196 branches in 12 Indian states and has lent more than $300 million so far, according to its website. It says it typically extends business loans of $1,200 to $60,000 for five to 10 years.

from Banking/Finance-Industry-Economic Times https://ift.tt/JYcpHs4