DEG invests $20m in Annapurna Finance and 10 other India deals

DEG invests $20m in Annapurna Finance and 10 other India deals

Odisha-based Annapurna Finance announced on Thursday that it received an equity investment of $20 million (150 crore rupees) from DEG – Deutsche Investitions – und Entwicklungsgesellschaft, the Germany-based development finance institution.

Post the first wave of COVID-19, DEG would be the second capital investor to back Annapurna, after Nuveen Global Impact Fund invested $30 million in the lender in March 2021.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter