CreditAccess Grameen Limited
HSBC Mutual Fund bought 1,70,000 shares of CreditAccess Grameen for ₹25.19 Cr at ₹1482.00 apiece in a block deal. On the same day, CreditAccess India B.V., a promoter, sold 36,57,500 equity shares in CreditAccess Grameen.
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.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.