The proposed deal between Singapore’s sovereign investor, Temasek Holdings, which has been active on the India deals front in recent weeks, and Hyderabad-based microfinance entity Spandana Sphoorty Financial Ltd (SSFL) is likely to be called off soon, VCCircle has learnt.Temasek’s deal negotiations with Spandana have been going on for some time now. In September 2009, SSFL proposed to raise about $60 million or Rs 300 crore from Temasek Holdings by diluting stake less than 10%.
Spandana, it appears, is now looking at other ways to raise capital and yet preserving promoter holding, a source said. Full Story
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Temasek, Spandana deal may fall through - Reuters India
