May 22, 2024

Annapurna Finance secures $75m investment from Piramal Alternatives to boost microfinance

Piramal Alternatives, the fund management division of the Piramal Group, today announced a significant investment of $75m in Annapurna Finance Private Limited, a leading non-banking finance company focused on microfinance. The investment includes a mix of secondary share purchases and provision of Tier-2 capital, which will enable the company to continue its risk-adjusted growth strategy. Annapurna

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