CreditAccess Grameen has received approval from its board to raise up to Rs 5,000 crore through debt securities. The said amount is proposed to be raised by the issuance of securities, including bonds, debentures, non-convertible debentures (NCDs) and commercial papers of any other marketable instruments in one or more tranches on private placement or any other mode.
Besides, the company's board also gave its approval for the issuance of secured, rupee denominated, non-convertible bonds aggregating up to an amount equal to the Indian rupee equivalent of $7.4 million to WaterCredit Investment Fund 3, LP. These are rupee-denominated bonds, popularly known as masala bonds.
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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