April 1

Annapurna Finance Mobilizes $30 Million in Equity From Nuveen Global Impact

Asian Development Bank-backed Annapurna Finance has mobilized $30 million in equity from US-based impact investor Nuveen Global Impact as the lender looks to grow its stake amid the bottom of the pyramid borrowers.

The Bhubaneswar-based micro lender had a gross loan portfolio of Rs 4466 crore as of December 2020, making it the country’s seventh largest NBFC-MFI.

Source: The Economic Times (link opens in a new window)

Environment, Finance, Investing
climate change, financial inclusion, global development, impact investing