CreditAccess Grameen has allotted 4,451 equity shares under ESOP on 20 December 2024. Powered by Capital Market - Live News

CreditAccess Grameen has allotted 18,463 equity shares under ESOP on 06 December 2024. Powered by Capital Market - Live News

CreditAccess Grameen announced that it has raised Euro 25 million from the German Investment Corporation, DEG, and INR 170 crore from Citi through a co-financing facility. In this new collaborative agreement, Citi acted as the Lead Arranger and Coordinator. This long-tenor co-financing arrangement is one of its kind in the Indian microfinance industry, representing a significant step in strengthening CA Grameen`s funding profile to further its mission of providing affordable financial services to women entrepreneurs across India. Innovative blended finance tools, such as co-financing facility, enable development finance and private sector partnerships to mobilise funding towards sustainable development. Such support would significantly contribute to the growth of the microfinance sector, enabling it to reach both underserved and unserved communities. CA Grameen`s customer-centric model offers tailored, responsive services, providing continuous support for millions of women to build sustainable livelihoods and achieve financial stability. Through regular interactions and timely credit, CA Grameen has stayed connected to entrepreneurs` evolving needs, unlike traditional onetime loan models. Powered by Capital Market - Live News

CreditAccess Grameen has allotted 71,337 equity shares under ESOP on 11 November 2024. Powered by Capital Market - Live News

Net profit of CreditAccess Grameen declined 46.39% to Rs 186.06 crore in the quarter ended September 2024 as against Rs 347.04 crore during the previous quarter ended September 2023. Sales rose 16.55% to Rs 1453.29 crore in the quarter ended September 2024 as against Rs 1246.94 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1453.291246.94 17 OPM %51.8272.36 - PBDT269.18479.05 -44 PBT251.99466.77 -46 NP186.06347.04 -46 Powered by Capital Market - Live News