Friday, December 3, 2010
Temasek trapped as Indian Government's Crackdown Slows Microfinance IPOs
Bloomberg, 2 Dec 2010Full storyPrivate equity companies may struggle to recoup almost $565 million in investments in India’s microfinance industry since 2006 after a regulatory backlash led at least two firms to delay initial public offerings.Temasek Holdings Pte, billionaire George Soros and Sequoia Capital are among investors who’ve put money into the world’s largest market for micro-loans as