November 29, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

German financial institution invests $20 million in Annapurna Finance

DEG, a German general development finance institution, has made equity investment of Rs 150 crore ($20 million) in Annapurna Finance, Odisha-based Micro Finance Institution.

Besides improving capital base, DEG investment would be used for enhancing credit formal financing eco-system women borrowers in rural India.

After the first wave of Covid-19, DEG would be the second capital investment raised by the Annapurna, following attracting $30 million invest­ment from Nuveen Global Impact Fund in March 2021.

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