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CreditAccess gains 8% on completion of direct assignment of Rs 139 crore

With this transaction, the company has completed one securitization and one direct assignment transaction totaling to Rs 249 crore in FY-2019-20.

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Illustration by Ajay Mohanty

SI Reporter Mumbai
Shares of CreditAccess Grameen (CAGL) has surged 8 per cent to Rs 562 on the BSE on Thursday in early morning trade after the company completed a direct assignment of Rs 139 crore on June 26.

However, on the National Stock Exchange (NSE), the stock rallied 15 per cent to Rs 599, also its all-time high, in early morning trade.

“This is the first direct assignment transaction initiated during the FY2019-20. With this transaction, the Company has completed one securitization and one direct assignment transaction totaling to Rs 249 crore in FY-2019-20,” CAGL said in a regulatory filing.
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First Published: Jun 27 2019 | 9:34 AM IST

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