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November 04, 2013

Deal Alert: Ananya Finance raises Rs.18-Cr from ISIS Fund, IDBI Bank

Ananya Finance for Inclusive Growth Private Ltd, a Non Banking Financial Company (NBFC) promoted by Indian Foundation for Inclusive Growth (IFIG) Trust, has raised INR 18 crore Series A equity capital from WWB ISIS Fund and IDBI Bank. While ISIS has invested INR 9 crore in Compulsorily Convertible Preference Shares (CCPS) of the company, IDBI Bank has invested INR 9 crore via Optionally Convertible Preference Shares (OCPS). Unitus Capital advised the company on this transaction. 

Incorporated in 2009, Ananya lends to microfinance institutions. Till date, it has provided assistance of INR 506 crore to 130+ organizations across 17 states and claims to have benefitted more than 5,00,000 poor people.

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