MFSL: Margdarshak Financial looking to raise funds, double its loan book

Lucknow-based microfinance company, Margdarshak Financial Services Ltd, is looking to raise capital in an effort to more than double its loan book, a top executive told VCCircle. Margdarshak Financial will be raising about Rs 700 crore ($109 million) in equity and debt to accelerate growth. According to Rahul J Mittra, the managing director and CEO of the company, it is looking to immediately raise Rs 100 crore in equity to diversify its product offerings and provide larger loans to micro, small and medium enterprises. It is also looking to grow its loan book to Rs 800-1,000 crore [...]