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December 05, 2013

Deal Alert: Triodos invests Rs.50-Cr in MFI Grameen Koota via NCDs

Microfinance firm Grameen Financial Services Private Limited (GFSPL), better known as Grameen Koota, has received Rs.50 crore through listed non-convertible debentures (NCDs) from Triodos Fair Share Fund and Triodos Microfinance funds managed by Triodos Investment Management.

Grameen Koota’s total NCD outstanding now stands at about Rs.131.90 crore. Bangalore-based GFSPL began in the 1990s as an NGO and became a Non-Banking Financial Company (NBFC-MFI) under its present name. 

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