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Which of the following entities acquired Asirvad Micro Finance Limited?
Question

Which of the following entities acquired Asirvad Micro Finance Limited?

A.

Muthoot Fincorp Limited

B.

Manappuram Finance Limited

C.

Aditya Birla Capital Limited

D.

Bajaj Holding Investments Limited

Correct option is B

Manappuram Finance Ltd. has acquired a 71.14% stake in Asirvad Micro Finance Ltd. for Rs 48.63 crore. The company plans to further invest Rs 63 crore, increasing its ownership to 84.98% and positioning itself for future growth in the microfinance sector.

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