CreditAccess Grameen hits all-time high, surges 12% in two days

In July-September quarter, the company reported a healthy net interest income growth of 26 per cent at Rs 251 crore, driven by strong AUM growth of 36 per cent YoY.

Shares of CreditAccess Grameen hit an all-time high of Rs 715, up 7 per cent on the BSE on Tuesday, surging 12 per cent in two days after the company finalised terms for Rs 214 crore non-convertible debentures (NCD) issue.

The company said the executive, borrowings and investment committee finalised the terms of issue of unlisted, unrated, senior secured, redeemable, transferable NCDs aggregating Rs 214 crore to Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO) on preferential basis.

CreditAccess Grameen specialises in Micro and Small Enterprises financing. In the past three months, the stock has rallied 43 per cent,