Annapurna Finance mobilises $30 mn in equity from Nuveen Global Impact

Economic Times

Asian Development Bank-backed Annapurna Finance has mobilised $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.

Read more about Accion portfolio partner, Annapurna Finance, in Economic Times.

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