Fusion Micro News Today

Fusion Micro Finance News: Secured a $25 million loan from DFC to expand operations and empower rural women entrepreneurs.

​The government is set to introduce a housing scheme specifically designed for the middle class, facilitating their ability to purchase or construct their own homes.

According to analyst consensus estimates available on Bloomberg, 15 stocks, tracked by over 10 brokerage houses, could return between 17% and 34% in 2024.

Private equity firm Bain Capital has offloaded 1.1% stake in Axis Bank through the open market on Wednesday, thereby taking home over Rs 3,700 crore.

Global private equity firm Warburg Pincus, through its affiliate Honey Rose Investment, sold 6,457,849 shares, representing 6.4% stake for Rs 359 crore, according to bulk deals data. Chicago-based investment firm Creation Investments Fusion, Llc has sold 3,841,172 shares, representing 3.8% stake for Rs 213 crore.

Besides Warburg Pincus, Chicago-based investment firm Creation Investments Fusion, Llc, which is also a part of the promoter group, may as well sell part stake. The total number of shares on offer is 93.5 lakh, and the floor price for the same has been set at Rs 535, reports said.

The deal size is valued at Rs 500 crore, with the floor price set at Rs 535 per share. This marks a discount of 4.9 percent as against the current market price

ICICI Securities is bullish on Fusion Micro Finance recommended buy rating on the stock with a target price of Rs 800 in its research report dated November 08, 2023.

Emkay Global Financial is bullish on Fusion Micro Finance has recommended buy rating on the stock with a target price of Rs 810 in its research report dated November 07, 2023.

InCred initiated coverage on Fusion Micro with an ADD rating and a target of Rs 800. Robust growth was led by deepening penetration and diversified presence.