Piramal Group arm invests Rs 600 crore in microlender Annapurna Finance

Piramal Alternatives acquired a stake in Annapurna Finance, becoming a top shareholder. Nuveen holds 11%. Kikani cited microfinance's 32% CAGR. Annapurna's AUM is ?10,400 crore. Pattanaik emphasized growth capital's significance.
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