Grameen Koota Raises Rs.35 Crores

February 24, 2011 Posted by Press Release, Unitus Capital

Grameen Koota Raises Rs.35 Crores through Non-Convertible Debentures

Bengaluru, 24th February 2011: Bangalore-headquartered, Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 35 crore (~USD 8 mn) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to DWM (Cyprus) Limited, a member of the Developing World Markets (DWM) group of companies. This is Grameen Koota’s second NCD issuance, having previously raised Rs 20 crore (~USD 4 mn) of debt capital through the issuance of NCD to MicroVest. Unitus Capital was the exclusive financial advisor and sole arranger to the issue.

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