CreditAccess Grameen Limited
Nippon India Mutual Fund bought 2,45,000 shares of CreditAccess Grameen Limited for ₹36.31 Cr at ₹1482.00 apiece in a block deal.
A non-deposit accepting microfinance institution registered with the RBI, CreditAccess Grameen Limited provides financial services primarily to women organized in Joint Liability Groups across India. The company offers microfinance loans alongside other financial products through its extensive distribution network. It focuses on serving underbanked and unbanked populations in rural and semi-urban areas, enabling financial inclusion and economic empowerment.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.