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SKS Microfinance trades jubilantly on completing two securitization transactions

01 Apr 2013 Evaluate

SKS Microfinance is currently trading at Rs. 126.50, up by 4.95 points or 4.07% from its previous closing of Rs. 121.55 on the BSE.

The scrip opened at Rs. 123.40 and has touched a high and low of Rs. 129.60 and Rs. 122.45 respectively. So far 152481 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.90 on 13-Dec-2012 and a 52 week low of Rs. 54.40 on 05-Jun-2012.

Last one week high and low of the scrip stood at Rs. 130.95 and Rs. 117.00 respectively. The current market cap of the company is Rs. 1366.19 crore.

The promoters holding in the company stood at 26.97% while Institutions and Non-Institutions held 40.09% and 32.94% respectively.

SKS Microfinance has completed two microfinance securitization transactions aggregating Rs 226 crore, rated A+ (SO). With this, the company has completed 12 securitization transactions with seven funding partners aggregating Rs 1,207 crore for FY13.

In addition, SKS Microfinance has also raised incremental debt of Rs 1,680 crore for FY13 and raised fresh equity of Rs 263.5 crore taking the total incremental funding inflow for FY13 to Rs 3,150 crore, which is more than double the Rs 1,434 core raised for FY12.

These 12 securitization transactions helped SKS Microfinance fund around 16 lakh micro loans extended to borrowers belonging to economically weaker sections. All transactions qualify for the priority sector treatment for the purchaser banks.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 17 states of India.

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