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Grameen Koota gets Rs 250 crore capital from CreditAccess Asia

Grameen Koota gets Rs 250 crore capital from CreditAccess Asia

Thursday, March 30, 2017, 9:49 AM

Bengaluru-based Grameen Koota Financial Services has received Rs 250 crore of fresh capital from its holding company Amsterdam-headquartered CreditAccess Asia, which supports firms that lends to the under-served in South East Asian countries. Grameen Koota managing director Udaya Kumar told that it received Rs 50 crore in form of fresh equity and the balance Rs 200 crore in the form of compulsory convertible debentures.
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