SKS Microfinance has allotted 44.5 lakh shares on preferential basis to one of the company’s promoter, Kumaon Investment Holdings. The promoter company will acquire 4,450,000 shares carrying voting rights equivalent to 4.11%.
Last week the company’s board of directors had made allotment of 4,450,000 equity shares of Rs 10 each at a premium of Rs 65.40 per share to Kumaon Investment Holdings, on a preferential basis.
Prior to this allotment, Kumaon Investment Holdings held 5,105,847 shares representing 4.92% voting rights. Pursuant to this allotment, the promoter company holds a total of 9,555,847 shares.