Piramal Alternatives invests $75m in Annapurna Finance for microfinance growth in India.
Piramal Alternatives, a unit of Piramal Group, has invested $75m in microfinance lender Annapurna Finance, which operates in 450 districts across 20 states in India. Annapurna has diversified its portfolio in MSME finance and affordable housing, with assets under management of over $1.25bn as of March 31, 2024. The structured capital solution will support the company's growth and strengthen its position in the microfinance segment.
May 13, 2024
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