Morgan Stanley Asia (Singapore) & Morgan Stanley Mauritius raised stake in Bharat Financial Inclusion by 1.10 percentage points via open market by purchasing net of 1.52 million shares on December 23, 2016. Morgan Stanley purchased 1.55 million shares, while sold 36,161 shares on the same day.
Post acquisition, Morgan Stanley Asia (Singapore) & Morgan Stanley Mauritius combined holding in Bharat Financial Inclusion increased to 7.86% from 6.76%.
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.
