Financial Institutions’ holding in SKS Microfinance soars to 36 per cent

Written by Patrick Fisher April 29, 2013 0 comment

Economic Times

PTI Apr 28, 2013, 11.15AM IST
(Despite a revival over the…)

NEW DELHI: Going bullish on the country’s only listed microfinance company, foreign investors have more than doubled their holding in SKS Microfinance to nearly 36 per cent over the past financial year with purchase of shares worth an estimated Rs 380 crore.

Foreign Institutional Investors (FIIs), which held 13.41 per cent stake in Hyderabad-based microfinance player at the end of financial year 2011-12, raised their exposure to 35.94 per cent as on March 31, 2013, as per the latest shareholding data available with the stock exchanges.