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SKS Microfinance informs about Outcome of Board Meeting

23 May 2014 Evaluate

SKS Microfinance has informed that the Board of Directors of the Company at its meeting held on May 22, 2014 decided to close the issue and approved the issuance of 17,777,777 Equity Shares to Qualified Institutional Buyers ( the 'QIBs') at a price of Rs. 225 per Equity share, including a premium of Rs. 215 per equity share, aggregating to approximately Rs. 400 Crore under the Chapter VIII of the SEBI Regulations and Section 42 of the Companies Act, 2013(including the rules made thereunder).

The above information is a part of company’s filings submitted to BSE.

 

 

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