Amit Patni and Arihant Patni, the sons of Gajendra Patni, have acquired around 40 per cent stake in Grameen Capital India (GCI), a social investment bank in India.
GCI has facilitated more than Rs.700 crore of capital to micro-finance institutions and other social enterprises.
The stake has been acquired for an unspecified amount from Grameen Capital’s original investor IFMR Trust.
“We are delighted to have Amit and Arihant Patni on board. Grameen Capital was set up to build bridges for capital to flow to enterprises serving the poor and a key challenge has always been finding domestic capital. Hence, this, for us, is extra-special,” said Royston Braganza, CEO of Grameen Capital India.
Amit and Arihant Patni in a statement said “The real Indian growth story will be a reality when all segments of the population are part of the move upward. While a lot has been accomplished, much remains to be done.”
