Foreign Institutional Investors (FIIs), which held 13.41% stake in SKS Microfinance in FY12, have increased their holding to 35.94% as on March 31, 2013. Foreign investors have bought these shares for an estimated price of Rs 380 crore.
FII holding in Hyderabad-based microfinance player had gone up consistently during the last three quarters, after hitting a record low level of 8.33% during April-June quarter 2012. However, the total promoter holding dropped to 26.03% in January-March quarter 2013 from 36.84% in the three months ended March 31, 2012.
During January-March 2012, FII pared its holding in the company marginally from 14.72% to 13.41% and fell to a record low of 8.30% in the April-June quarter. However, foreign investors’ stake climbed to 31.77% cent in the July-September quarter, and rose further to 32.81% as on December 31, 2012.
