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CreditAccess Grameen Ltd. ( (IN:CREDITACC) ) just unveiled an announcement.
CreditAccess Grameen Limited has denied media speculation that Axis Bank is in the lead to buy out the company, stating that while its promoters periodically evaluate liquidity options, no decisions have been taken regarding any sale of promoter shares or any investment by the bank named in the report. The company added that it is unaware of any undisclosed information that could explain movements in its share price, views the referenced news article as baseless and speculative with no impact on its business, reports no related regulatory or legal proceedings, and reaffirms its commitment to regulatory compliance and timely disclosure of any material developments to the stock exchanges.
More about CreditAccess Grameen Ltd.
CreditAccess Grameen Limited operates in the microfinance and financial services industry, providing small-ticket loans and related financial products to low-income and underserved customers in India. The company focuses on inclusive lending and rural and semi-urban markets, and is listed on both BSE and NSE under the symbol CREDITACC.
Average Trading Volume: 70,189
Technical Sentiment Signal: Buy
Current Market Cap: 212.1B INR
For a thorough assessment of CREDITACC stock, go to TipRanks’ Stock Analysis page.