Fusion Micro with rural focus a good bet for high-risk investors
Synopsis
FMF is the second largest pure-play micro-finance company in the country after CreditAccess Grameen, with a focus on the fast-growing rural economy. After undertaking asset impairment in FY22, FMF, showed a marked improvement in the June 2022 quart
Gurugram-headquartered Fusion Micro Finance (FMF), which offers loans to women entrepreneurs in rural areas, plans to raise Rs 600 crore through a fresh issue of shares to augment the equity base and up to Rs 504 crore through an offer for sale. After the IPO, the promoter group stake will fall to around 68% from 85.6%.FMF is the second largest pure-play micro-finance company in the country after CreditAccess Grameen, with a focus on the
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