SKS Microfinance gains on completion of RS 226-cr securitization transactions
With this, the company has completed 12 securitisation transactions with seven funding partners aggregating to Rs 1,207 crore during 2012-13.
SKS Microfinance has moved higher by 5% to Rs 127 in late noon deals after the company said that it has concluded a two microfinance securitisation transactions aggregating Rs 226 crore.
With this, the company has completed 12 securitisation transactions with seven funding partners aggregating to Rs 1,207 crore during 2012-13.
“In addition, SKS has raised incremental debt of Rs 1,680 crore and raised fresh equity of Rs 263.50 crore, taking the total incremental funding inflow for FY13 to Rs 3,150 crore, which is more than double the Rs 1,434 core raised for FY12,” the company said in a statement.
The stock opened at Rs 123 and hit a high of Rs 130 on BSE. A combined 0.58 million shares have changed hands on the counter so far on BSE and NSE.
With this, the company has completed 12 securitisation transactions with seven funding partners aggregating to Rs 1,207 crore during 2012-13.
“In addition, SKS has raised incremental debt of Rs 1,680 crore and raised fresh equity of Rs 263.50 crore, taking the total incremental funding inflow for FY13 to Rs 3,150 crore, which is more than double the Rs 1,434 core raised for FY12,” the company said in a statement.
The stock opened at Rs 123 and hit a high of Rs 130 on BSE. A combined 0.58 million shares have changed hands on the counter so far on BSE and NSE.
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First Published: Apr 01 2013 | 2:23 PM IST