Bharat Financial Inclusion is currently trading at Rs. 854.85, up by 5.05 points or 0.59% from its previous closing of Rs. 849.80 on the BSE.
The scrip opened at Rs. 863.00 and has touched a high and low of Rs. 867.95 and Rs. 851.95 respectively. So far 153619 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 938.75 on 29-Jul-2016 and a 52 week low of Rs. 373.20 on 29-Sep-2015.
Last one week high and low of the scrip stood at Rs. 876.00 and Rs. 769.35 respectively. The current market cap of the company is Rs. 10923.40 crore.
The promoters holding in the company stood at 2.06%, while Institutions and Non-Institutions held 80.77% and 17.17% respectively.
Bharat Financial Inclusion is planning to raise Rs 750 crore through qualified institutional placement (QIP). The micro lender had on Thursday filed with the bourses the preliminary placement document in this regard. The Capital Raising Committee of the board passed the resolution to authorise the opening of the offer on Thursday. The floor price of the QIP offer has been set at Rs 769.95 an equity share.
The company may at its discretion offer a discount of up to 5 per cent on the floor price in the offer in accordance with applicable laws. The CCB will meet on September 27, 2016, to consider and approve the issue price of the equity shares.
Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.
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