SKS Trust Advisor has increased its holding in SKS Microfinance to 9.63%. SKS Mutual Benefit Trusts has acquired around 1 million shares or 0.84% stake in the company for Rs 13.4 crore. SKS Trust Advisor, is the trustee of SKS Mutual Benefit Trusts.
With this, SKS Trust becomes the largest shareholder in India’s only listed micro finance institution (MFI).
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.