Arohan, Innoviti backer FMO takes a deep haircut on India debt investment
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Arohan, Innoviti backer FMO takes a deep haircut on India debt investment

By Sumit Upadhyaya

  • 19 Sep 2023
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Arohan, Innoviti backer FMO takes a deep haircut on India debt investment
Credit: 123RF.com

Dutch development finance institution FMO has taken a deep haircut on one of its debt investments in India, which accounts for the biggest exposure to its loan book and among the highest share of non-performing loans.  FMO, which makes both direct investments in Indian companies and limited partner-style bets on private ......

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