CreditAccess Grameen has received approval for the Public Issue of Secured Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each for an amount of Rs 400 crore (Base Issue Size) with a Green Shoe Option of up to Rs 600 crore, amounting to Rs 1,000 crore (Tranche II Issue Limit) (Tranche II Issue) which is within the shelf limit of Rs 1,500 crore (Shelf Limit). The Executive, Borrowings and Investment Committee of the Board of Directors of the Company in its meeting held on August 18, 2023, has considered and approved the same.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.
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