CreditAccess Grameen Limited
Government Pension Fund Global (Norway) increased its stake in CreditAccess Grameen Limited from 1.85% to 2.07%, buying 360,800 shares. The value of the increased stake is ₹55.5 Cr at ₹1540.20 apiece.
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.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.