You are here: Home » Companies » News
Business Standard

German financial institution invests $20 million in Annapurna Finance

Besides improving capital base, DEG investment would be used for enhancing credit formal financing eco-system women borrowers in rural India.

Topics
Investments

BS Reporter 

INVESTMENT, PLANS, SAVINGS, mf, mutual funds, investors, equity, pension, NPS, funds
Representative image

DEG, a German general development finance institution, has made equity investment of Rs 150 crore ($20 million) in Annapurna Finance, Odisha-based Micro Finance Institution.

Besides improving capital base, DEG investment would be used for enhancing credit formal financing eco-system women borrowers in rural India.

After the first wave of Covid-19, DEG would be the second capital investment raised by the Annapurna, following attracting $30 million invest­ment from Nuveen Global Impact Fund in March 2021.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, November 26 2021. 02:23 IST
RECOMMENDED FOR YOU
.