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Gray Matters, Caspian sell entire stake in Indian School Finance to Manappuram

By Joseph RaiBinu Paul

  • 03 Jul 2018
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Gray Matters, Caspian sell entire stake in Indian School Finance to Manappuram
Credit: Thinkstock

Manappuram Finance Ltd has agreed to acquire an 85.39% stake in Indian School Finance Company Pvt. Ltd (ISFC) for Rs 212.20 crore ($31 million), paving the way for the exit of the non-bank lender’s investors.Thrissur, Kerala-based Manappuram said in a stock-exchange filing on Tuesday the acquisition will be a key ......

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