Incofin Sells Equity Stake in Annapurna Microfinance of India as Asian Development Bank, Bamboo Financial Inclusion Fund, Oikocredit Buy In

Date: 
14 Feb 2019
Source: 
MicroCapital

Belgium-based Incofin Investment Management recently sold all of its shares in India’s Annapurna Microfinance Private Limited to a group of investors, among whom two have identified, the Bamboo Financial Inclusion Fund, which is managed by Bamboo Capital Partners, and Dutch cooperative investor Oikocredit.

In a separate transaction, the Philippines-based Asian Development Bank paid the rupee-equivalent of $20 million for a stake of undisclosed size in Annapurna. The sizes of the stakes and the prices paid in the Incofin transaction remain confidential.

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Type: 
General
Region: 
South Asia
Country: 
India