CreditAccess Grameen has received an approval to raise funds up to an amount of Rs 3000 crore by way of private placement(s) of Redeemable Non-Convertible Debentures in one or more tranches. The Board of Directors of the Company at its Meeting held on January 31, 2019 has decided the same.
The Executive, Borrowing and Investment Committee of the Board is authorized to decide from time to time, the terms and conditions of such NCDs as per the financial requirements of the Company.
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. Its wide range of lending products addresses the critical needs of its customers throughout their life cycle and includes income generation, family welfare, home improvement and emergency loans.
| Company Name | CMP |
|---|---|
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| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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