Foreign Institutional Investors’ (FIIs) have increased their stake in SKS Microfinance to an all-time high of 36.9% in the Q2FY14 quarter. Foreign investors held 35.83% holding in the company during July-September 2012.
FIIs have been raising their exposure in Hyderabad-based firm in the past few quarters, after hitting a record low level of 8.33% during April-June quarter 2012.
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.