CreditAccess Grameen has received approval from board of directors for further investment in Madura Micro Finance (MMFL) -- a Material Subsidiary of the company in the form of Subordinate Debt or Perpetual Debt Instruments (PDIs) or both, up to Rs 250 crore, in tranches, in order to support capital adequacy requirement of MMFL, subject to applicable Laws, Rules & Regulations. The Board of Directors at their meeting held on December 21, 2021, have 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.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
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