CreditAccess Grameen Limited
Edelweiss Mutual Fund bought 2,45,000 shares of CreditAccess Grameen for ₹36.31 Cr at ₹1482.00 apiece in a block deal. CreditAccess India B.V., the promoter, divested a 2.28% stake in the company on the same day.
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.
AMC subsidiary of Edelweiss Financial Services. Manages over Rs 1.5 lakh crore across equity, debt, hybrid and alternative strategies. CEO Radhika Gupta is the most prominent woman leader in Indian asset management and has built a strong direct investor franchise through social media and investor education. Known for multi-asset and international fund-of-fund offerings.