UK-based Genesis Asset Managers has raised its holding in India's only listed micro finance company SKS Microfinance to over 5 per cent. Genesis, which focuses on emerging market equities, has bought 0.11 per cent stake in SKS Microfinance on March 31, 2011, taking its holding to 5.06 per cent.
Genesis, which serves institutional clients in the US, UK, Europe, Australia and the Middle East, invests only in those companies which have longer term growth potential and are presently undervalued. crackcrack