Private Equity Liquidity Events
CreditAccess India sells 2.28% stake in MFI arm CreditAccess Grameen
Source CreditAccess Grameen (opens in a new tab)Economic Times (opens in a new tab)
CreditAccess India, the promoter of the Bengaluru-based microfinance lender CreditAccess Grameen , has sold a 2.28% stake (3.66 million shares) in the company through block deals in the open market.Established in 1991 by Paolo Brichetti, CreditAccess Grameen is a non-banking financial company and microfinance institution. The company operates as a pure-play microfinance lender.The promoter group initiated this stake sale to offer liquidity to long-term investors and to increase the company's free float. Prior to this transaction, the promoter held a 66.21% stake in CreditAccess Grameen as of the end of June.
Company website ↗ (opens in a new tab)
CreditAccess Asia first invested in CreditAccess Grameen in Oct 2009. The company went public in Aug 2018, as part of which CreditAccess Asia had made a partial exit. It subsequently sold shares in Jun 2023.For FY25, CreditAccess Grameen had reported about INR 5,752 Cr in Operating Income and about INR 531 Cr in PAT.