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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.