SKS Microfinance has surged 13% to Rs 146 after WestBridge Ventures Il, LLC, one of the promoters of the company, propose to acquire 1.48% stake for Rs 22.40 crore from other promoter.
“WestBridge Ventures II, LLC has propose to buy 1.6 million equity shares representing 1.48% stake in the company at price of Rs 140 per share on September 17, 2013,” SKS Microfinance said in a regulatory filing.
Mauritius Unitus Corporation will sell its entire 1.48% holdings in the India’s only publicly traded micro lender, the data shows.
“WestBridge Ventures II, LLC has propose to buy 1.6 million equity shares representing 1.48% stake in the company at price of Rs 140 per share on September 17, 2013,” SKS Microfinance said in a regulatory filing.
Mauritius Unitus Corporation will sell its entire 1.48% holdings in the India’s only publicly traded micro lender, the data shows.
Post acquisition, WestBridge Ventures II, LLC stake in the company would increase to 4.33% from 2.85% earlier.
Last week, SKS Trust Advisors Pvt. Ltd, also one of the promoters, had bought an additional 2.69% in the company on the stock exchanges.
SKS Trust acquired 1.02 million shares in the name of SKS Mutual Benefit Trust Medak at a price of Rs 130.80 per share on September 3, according to a company filing to the stock exchanges.
The stock opened at Rs 131 and hit a high of Rs 147 on NSE. A combined around 844,000 shares change hands on the counter till 1404 hours in NSE and BSE.
Last week, SKS Trust Advisors Pvt. Ltd, also one of the promoters, had bought an additional 2.69% in the company on the stock exchanges.
SKS Trust acquired 1.02 million shares in the name of SKS Mutual Benefit Trust Medak at a price of Rs 130.80 per share on September 3, according to a company filing to the stock exchanges.
The stock opened at Rs 131 and hit a high of Rs 147 on NSE. A combined around 844,000 shares change hands on the counter till 1404 hours in NSE and BSE.