MoneyWorks4Me

SKS Microfinance allots 9.15% QIP stake to CLSA (Mauritius)

23 Jul 2012 Evaluate

SKS Microfinance has allotted 9,494,771 shares amounting to 9.15% stake in the company to CLSA (Mauritius).  The allotment of shares amounting to Rs 715.90 crore was done through the recently completed qualified institutional placement (QIP) on July 19, 2012.

SKS Microfinance is a non-banking finance company (NBFC), registered and regulated by Reserve Bank of India, whose mission is to eradicate poverty by providing financial services to the poor.

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