Creditaccess Grameen Ipo

CreditAccess Grameen has said it will utilise the proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements. The company will not receive any proceeds from the offer for sale.

The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. The CreditAccess Grameen public offer is estimated at Rs 1,126-1,131 crore.

CreditAccess Grameen has said it will utilise the proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements. The company will not receive any proceeds from the offer for sale.

The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. The CreditAccess Grameen public offer is estimated at Rs 1,126-1,131 crore.