trending Market Intelligence /marketintelligence/en/news-insights/trending/XG1PRuVYgAyxlpyeZwQqxA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

India's CreditAccess Grameen to acquire Madura Micro Finance in 2-step deal

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


India's CreditAccess Grameen to acquire Madura Micro Finance in 2-step deal

India's CreditAccess Grameen Ltd. agreed to acquire and merge with Madura Micro Finance Ltd. in a two-step deal, subject to regulatory and other approvals.

As part of the first step, CreditAccess Grameen will buy up to 76.2% of Madura Micro Finance from Chairman and Managing Director Tara Thiagarajan, AVT Group, Elevar Equity Mauritius and other shareholders for 1,216.16 rupees per share in cash, or 6.66 billion rupees in total. In the second step, CreditAccess Grameen will absorb Madura Micro Finance through a scheme of arrangement.

Under the merger, Madura Micro Finance residual shareholders will get 158 shares of CreditAccess Grameen for every 100 shares of Madura Micro Finance held.

CreditAccess Grameen said Madura Micro Finance will continue to operate as a separate division until the completion of the integration. It will retain all employees of the company and will engage Thiagarajan as an adviser to its board after the proposed merger.

Subject to conditions and approvals, the acquisition is expected to close by March 31, 2020.

Spark Capital Advisors (India) Pvt. Ltd. and Cyril Amarchand Mangaldas are the exclusive financial and legal advisers, respectively, to CreditAccess Grameen for the deal.

As of Nov. 27, US$1 was equivalent to 71.28 Indian rupees.