CreditAccess Grameen receives RBI approval for acquisition of 76.34% stake in Madura Micro Finance

CreditAccess Grameen has received Reserve Bank of India's approval for acquisition of up to 76.34% of the share capital of Madura Micro Finance (MMFL) by the Company from its existing shareholders (on 05 February 2020) and a scheme of arrangement amongst the Company, MMFL and their respective shareholders and creditors, providing for the amalgamation of MMFL into the Company (on 19 February 2020).

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