Inditrade Group looks to grow inorganically
Kolkata: Inditrade Group is actively working on the acquisition plans to grow faster and is looking to raise about Rs 200 crore to expand its different business units. The group plans to grow aggressively to raise stakes among the micro and small borrowers. The capital will be raised in a combination of equity and debt, group chairman Sudip Bandyopadhyay told ET. “We will continue to actively look for both organic and inorganic growth to grow rapidly,” Bandyopadhyay said. However, Inditrade Capital’s attempt to acquire a majority stake in microfinance firm Varam Capital has fallen flat as negotiations failed. Inditrade Capital floated Inditrade Microfinance as its wholly owned subsidiary in April last year. Bandyopadhyay said that Inditrade Capital’s non-banking un...