CreditAccess India sells 2.28% stake in Grameen to offer investors liquidity
· economictimes.indiatimes.com
CreditAccess India, the promoter of Indias largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through block deals to provide a partial exit opportunity to long-term investors. The stake sale is part of a broader plan to increase the companys free float, bring in new investors and broaden institutional ownership, while the promoter continues to back CreditAccess Grameens long-term growth plans.
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