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SKS Microfinance inches up as Quintessence Mauritius buys stake in the company

27 Jun 2014 Evaluate

SKS Microfinance is currently trading at Rs. 274.25, up by 0.05 points or 0.02% from its previous closing of Rs. 274.20 on the BSE.

The scrip opened at Rs. 275.10 and has touched a high and low of Rs. 278.40 and Rs. 274.00 respectively. So far 54545 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 309.90 on 03-Jun-2014 and a 52 week low of Rs. 97.50 on 25-Jul-2013.

Last one week high and low of the scrip stood at Rs. 289.50 and Rs. 260.30 respectively. The current market cap of the company is Rs. 3498.06 crore.

The promoters holding in the company stood at 13.23% while Institutions and Non-Institutions held 55.48% and 31.29% respectively.

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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