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CreditAccess Grameen rises on getting nod to raise funds up to Rs 3000 crore

01 Feb 2019 Evaluate

CreditAccess Grameen is currently trading at Rs. 403.00, up by 7.45 points or 1.88% from its previous closing of Rs. 395.55 on the BSE.

The scrip opened at Rs. 399.90 and has touched a high and low of Rs. 403.95 and Rs. 395.05 respectively. So far 5516 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 423.30 on 23-Aug-2018 and a 52 week low of Rs. 245.75 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 403.95 and Rs. 366.45 respectively. The current market cap of the company is Rs. 5779.70 crore.

The promoters holding in the company stood at 80.26%, while Institutions and Non-Institutions held 12.17% and 7.56% respectively.

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.

CreditAccess Grameen Share Price

1264.20 27.95 (2.26%)
17-Apr-2026 16:59 View Price Chart
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