Satya Microcapital Secures New Investors After Gojo Exits Rights Issue

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Satya Microcapital Seeks New Investors After Gojo Exits Rights Issue

microfinance

M

Moneycontrol•12-02-2026, 16:35

Satya Microcapital Seeks New Investors After Gojo Exits Rights Issue

•Satya Microcapital aims to raise Rs 203 crore from promoters and associates after Gojo & Company Inc. withdrew from a planned rights issue.
•The microfinance lender is also seeking new institutional investors for an additional $35 million (Rs 317 crore) round by September.
•Gojo, the majority shareholder with a 65% stake, decided not to participate in the funding round, leading to credit rating downgrades for Satya Microcapital.
•The company reported significant losses in Q1 and Q2 FY26, totaling over Rs 447 crore, after a profit of Rs 25.4 crore in FY25.
•Industry headwinds, including heatwaves, elections, and overleveraging, have impacted the MFI sector, with losses expected to continue for Satya Microcapital until FY27.

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