IndusLaw and Clifford Chance advised the book running lead managers on microfinance lender CreditAccess Grameen’s recent ₹7.9 billion (US$108 million) qualified institutional placement (QIP). Cyril Amarchand Mangaldas (CAM) advised CreditAccess Grameen.
The QIP, which opened on 5 October and closed on 8 October, was the company’s first equity market fund-raise since its IPO in 2018.
IndusLaw said the QIP was one of the fastest “in recent times – three weeks from kick-off to launch”.
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