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CreditAccess Grameen soars on completing allotment of NCDs worth Rs 214 crore to FMO

11 Nov 2019 Evaluate

CreditAccess Grameen is currently trading at Rs. 699.45, up by 17.55 points or 2.57% from its previous closing of Rs. 681.90 on the BSE.

The scrip opened at Rs. 682.00 and has touched a high and low of Rs. 699.45 and Rs. 682.00 respectively. So far 263 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 720.00 on 06-Nov-2019 and a 52 week low of Rs. 337.30 on 09-Nov-2018.

Last one week high and low of the scrip stood at Rs. 720.00 and Rs. 640.00 respectively. The current market cap of the company is Rs. 9806.61 crore.

The promoters holding in the company stood at 80.05%, while Institutions and Non-Institutions held 14.37% and 5.58% respectively.

CreditAccess Grameen has completed the allotment of Secured, Redeemable, Transferable, Non-Convertible Debentures (NCDs) of Rs 10 lakh each aggregating to Rs 214 crore ($30 million) to NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V. (FMO) on private placement basis on November 08, 2019 with a view to raise debt for its ongoing business operations of the company including expansion and on lending to expand microfinance loan portfolio.

The coupon rate is 9.50% per annum and the tenor of the facility being 5 years, will help improve the favorable ALM position of the company. This is the first transaction of CreditAccess Grameen with FMO, the development financial institution from Netherlands.

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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