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RBS sells 4.62% stake in SKS Microfinance for Rs 63.50 crore

26 Apr 2013 Evaluate

Royal Bank of Scotland (RBS) has sold 4.62% stake in Hyderabad-based SKS Microfinance for about Rs 63.50 crore through open market transactions. The company has offloaded 50 lakh shares at an average price of Rs 127.01.

Meanwhile, Merrill Lynch Capital Markets Espana has acquired 49.95 lakh shares of SKS Microfinance for Rs 63.48 crore.

At the end of March quarter, RBS Asia Merchant Bank (Singapore) held 50 lakh shares or 4.62% holding in the micro finance player.

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