CreditAccess Grameen receives RBI approval for acquisition of 76.34% stake in Madura Micro Finance

CreditAccess Grameen receives RBI approval for acquisition of 76.34% stake in Madura Micro Finance

Feb 26, 2020 12:02 IST capital market

CreditAccess Grameen has received Reserve Bank of Indias approval for acquisition of up to 76.34% of the share capital of Madura Micro Finance (MMFL) by the Company from its existing shareholders (on 05 February 2020) and a scheme of arrangement amongst the Company, MMFL and their respective shareholders and creditors, providing for the amalgamation of MMFL into the Company (on 19 February 2020).

Powered by Capital Market - Live News

Related Story