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Creditaccess Grameen Ltd - Announcement under Regulation 30 (LODR)-Raising of Funds

| Updated on December 31, 2018 Published on December 31, 2018

We wish to inform that CreditAccess Grameen Limited completed a Direct Assignment of Rs. 277.73 Crore and Securitisation transaction of Rs. 110.50 Crore on December 31, 2018. With this transaction, the Company has completed six securitization and three Direct Assignment transactions totaling to Rs. 1,297.93 Crore in FY19.

The entire Direct Assignment and Securitization pool qualifies for Priority Sector treatment as per the guidelines prescribed by the Reserve Bank of India. Further, Securitization pool has been rated Provisional [ICRA] A (SO) by ICRA, which signifies adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Pdf Link: Creditaccess Grameen Ltd - Announcement under Regulation 30 (LODR)-Raising of Funds

Source : BSE - www.bseindia.com

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Published on December 31, 2018
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