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Quintessence Mauritius buys 15 lakh shares of SKS Microfinance

27 Jun 2014 Evaluate

Quintessence Mauritius West Fund has bought 15 lakh shares of SKS Microfinance through open market route. The shares were purchased on an average price of Rs 278 valuing the transaction to Rs 41.70 crore. On the other hand, Westbridge Ventures II LLC has sold 11.73 lakh shares of the company for an average price of Rs 278 through open market route.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.

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