SKS Microfinance to raise funds up to Rs 750 crore

SKS Microfinance has received an approval for raising of capital by issue of securities to the extent of Rs 750 crore in one or more tranches in accordance with the provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other laws/guidelines. The board of directors at its meeting held on May 04, 2016 has approved for the same.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.