Skip to main content

MoneyWorks4Me

FIIs increase stake in SKS Microfinance in Q2FY14

24 Oct 2013 Evaluate

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.

 

Peers