CreditAccess Grameen has informed that its Board of Directors had approved the acquisition of up to 76.34% of the share capital of Madura Micro Finance (MMFL) (equivalent to 54,92,616 equity shares) by the Company from its existing shareholders; and a scheme of arrangement amongst the Company, MMFL and their respective shareholders and creditors, providing for the amalgamation of MMFL into the Company (Amalgamation). The Company now informed the updates pursuant to decisions taken at the Board meeting held on January 22, 2020.
The above information is a part of company’s filings submitted to BSE.
