CreditAccess Grameen rose by 9% to Rs. 749, after the organisation’s board of directors authorised a proposal for fund elevating with the aid of way of difficulty of equity stocks of Rs. 1,000 crore.
The Board of directors at its meeting held on September 03, 2020 has permitted trouble of equity stocks by means of manner of permissible mode(s) along with however now not restrained to private placement and/or observe-on public providing and/or preferential difficulty and/or certified institutions placement, or any combination thereof up to an quantity now not exceeding Rs. A thousand crore.
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