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CREDITACCESS GRAMEEN DEAL
CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and othersCreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance t...
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos may rally over 21%, according to analystsWith the US market shedding weight overnight, the probability is high that Thursday will see another day of choppy trading. The best way to...
Stocks in news: HDFC Bank, M&M, Gland Pharma, CreditAccess Grameen and Bharat ForgeIndian benchmark indices extended their losing streak for a fourth consecutive session on Thursday. Nifty 50 fell 0.17% and Sensex declined...
CreditAccess India sells 2.28% stake in Grameen to offer investors liquidityCreditAccess India, the promoter of India’s largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through bloc...
Markets volatile, but earnings and structural story remain intact: Mayuresh JoshiIndian equity markets show resilience despite recent incremental weakness, with the broader outlook dependent on earnings visibility and gl...
Q3 results today: ITC Hotels among 43 companies to report earnings on TuesdayAs many as 43 companies, including Persistent Systems and ITC Hotels, are set to announce their December quarter earnings on Tuesday. Analy...
CreditAccess Grameen shares rally over 4% after securing $100 million syndicated loan from Asian banksCreditAccess Grameen has secured a $100 million syndicated loan from a consortium of Asian banks, led by Standard Chartered. The dual-curre...
Stocks in news: Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, WiproOriental Carbon saw Bank of America buying shares. Maruti Suzuki is adjusting its e VITARA production. IndiGo is launching flights to Almat...
Investors shrug off Microfin worries in rebound betInvestors across the spectrum have renewed their interest in India's microfinance space, displaying confidence in the sector's turnaround a...
Svatantra Microfin completes acquisition of Chaitanya India Fin CreditSvatantra Microfin has completed the acquisition of Navi Group's subsidiary, Chaitanya India Fin Credit, making it the second largest NBFC-...
Shriram Finance's syndicated loan trebles to $400 millionSenior management of HSBC, the sole arranger for the dollar loan, told ET that the facility had been upscaled from the original size of $15...
CreditAccess Grameen shares tumble over 6% on reports of promoter selling stakeShares of CreditAccess Grameen fell over 6% after reports emerged that the promoter, Credit Access BV, plans to sell a 5.8% stake in the co...
CreditAccess Grameen signs a $200 million external commercial borrowing deal“The social loan facility marks the single largest foreign borrowing transaction in our journey. Being the largest NBFC-MFI, the strength a...
Biggest gainers & losers of the day: NDTV flies high, Tega sees profit bookingBenchmark indices registered cuts amidst worries over inflations and the Omicron variant.
Biggest gainers & losers of the day: Tega rocks on debut, NDTV hits upper circuitTega Industries had a stellar debut. NDTV continued to rally and hit its upper circuit, whereas CreditAccess Grameen also zoomed on similar...
Stocks in the news: RIL, Tata Chemicals, Coal India, TechM, HDFC, Tata Motors DVR and AirtelTechM said its subsidiary has divested its stake in Altiostar Networks for $45 million (about Rs 331 crore) to Rakuten USA, Inc.
CreditAccess Grameen to acquire Madura MicrofinanceThe transaction is subject to the approval of Reserve Bank of India, the Securities and Exchange Board of India and other regulators.
Microfinance companies plan to create common pool of assets for securitisationSecuritisation is a process of pooling loan receivables and selling their related cash flows to third party investors as securities.
MFIs plan to create common pool of assets for securtisationThe common pool, essentially by smaller MFIs, is aimed at creating economies of scale and making it easier for banks to buy it.
After Market: Sensex movers, block deals, IPO update & buzzing stocksICICI Bank, Axis Bank, Infosys and SBI contributed the most to the index gains.