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Crisil upgrades Fusion MicroFinance rating for 2nd time in less than a year
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livemint.com₹600 crore through an IPO done in Q3 of fiscal 2023. (Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Fusion MicroFinance is up 57% from its listing price to ₹585 a share, taking its market cap to ₹5,915 crore.
The company's AUM at ₹9,712 crore as of June 2023 and is expected to have crossed ₹10,000 crore by the end of September 2023. Fusion’s net worth improved to ₹2,445 crore in June 2023 as compared to ₹2,322 crore in March 31, 2023, and ₹1,338 crore in March 2022.
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