Morgan Stanley bought 321,000 shares of CreditAccess Grameen Limited for ₹47.57 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.
US-based global investment bank. India FPI activity covers proprietary, market-making and client flows in listed Indian equities.