MoneyWorks4Me

CLSA offloads 4.73% stake in SKS Microfinance for Rs 69.87 crore

20 Sep 2013 Evaluate

Foreign fund house CLSA has sold 4.74% of its stake in SKS Microfinance for an estimated Rs 69.87 crore. CLSA has sold 5.12 million shares of SKS Microfinance at an average price of Rs 136.25 to Crown Capital. As on June 30, 2013

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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