Minerva Ventures Fund decreased its stake in Credent Global Finance from 6.15% to 3.92%, selling 13,70,000 shares. This move took its holding below the 5% disclosure threshold, likely as part of the rights issue.
An NBFC established in 1991, Credent Global provides lending and investment services across India's financial landscape. The company focuses on delivering comprehensive financial solutions to underserved market segments through a diversified portfolio of loan products and strategic capital investments. Its operational foundation emphasizes accessibility, customized financial services, and sustainable growth for individuals, small businesses, and entrepreneurs seeking growth capital and financial support.
A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.