News & Events

In a sequence of block deals, Florintree Capital Partners, led by Mathew Cyriac, has successfully divested its entire 10.71% stake in the listed company Data Patterns (India) Ltd, amounting to approximately Rs 1,100 crore. The Singapore sovereign wealth fund GIC emerged as a significant buyer, acquiring over 6% stake valued at Rs 650 crore. Mirae Mutual Fund also made a notable investment of Rs 200 crore, with other prominent buyers including HDFC Mutual Fund and Kotak Mahindra Mutual Fund, according to sources familiar with the transaction

Read the original article here: https://www.msn.com/en-in/money/markets/gic-buys-6-stake-in-data-patterns/ar-BB1imBLF

The African Guarantee Fund (AGF), a frontrunner in advancing Small and Medium-sized Enterprises (SMEs) financing across Africa, has entered into a strategic Cooperation Agreement with FSD Africa, a trailblazing development agency dedicated to transforming Africa’s long-term financial landscape. This collaboration aims to drive the growth of Green SMEs by providing vital financial support, technical assistance, and capacity building.

The signed Cooperation Agreement delineates a comprehensive framework for collaboration, with a primary focus on promoting sustainable development in Africa. Key facets of this partnership include supporting the development of financial products for institutions, providing partial credit guarantees for bonds and funds raised on behalf of SMEs, and organizing capacity-building events.

Read the original article here: https://www.africa-newsroom.com/press/african-guarantee-fund-and-fsd-africa-partner-to-boost-green-small-and-mediumsized-enterprise-sme-financing?lang=en

Network Fintech OPC, in collaboration with the Council of Global Startup, is thrilled to announce the opening of a new hub in Faridpur, Bangladesh. This strategic move aims to bolster the support system for local entrepreneurs and angel investors, fostering innovation and economic growth within the region.

The new hub will serve as a vibrant ecosystem where entrepreneurs can access mentorship, resources, and networking opportunities essential for scaling their ventures. Additionally, angel investors will have a dedicated platform to discover promising startups and contribute to their success through funding and guidance.