Announced
Financials
Sources
Tags
Cross Border
India
wealth management
Diversified Financials
Minority
Single Bidder
Acquisition
Friendly
Public
Pending
Synopsis
Asian Development Bank, a regional development bank, agreed to invest $125m in L&T Finance, an India-based non-banking financial company. “Rural India, with 65% of the country’s population engaged in agriculture, contributes almost half of the national income. This partnership with L&T Finance, which has the capacity to provide credit at scale, allows ADB to support individual livelihoods and small businesses, with a specific focus on reaching women borrowers,” Suzanne Gaboury, ADB Director General..
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