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Leapfrog buys stake in IFMR

ECONOMY & POLICY
April 1, 2014April 1, 2014
Leapfrog buys stake in IFMR
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The US-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for Rs 174 crore. IFMR helps micro-finance firms, small businesses, affordable housing companies and commercial vehicle financiers raise money on the debt markets. IFMR will use the funds raised from Leapfrog to expand into other segments like agriculture and capital market access to SMEs, besides going deeper into its existing segments.

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