SKS completes two securitization transaction; stock up 4%

With this, the company has completed 12 securitization with seven funding partners amounting uo tp Rs 1,207 crore for FY13.
The company has also raised incremental debt of Rs 1,680 crore and raised fresh equity of Rs 263 crore resulting total incremental funding inflow of Rs 3,150 crore for FY13, which is more than double the Rs 1,434 core raised in FY12, the company said in the press release.
The company further added that these 12 securitization transactions has helped SKS Microfinance fund around 16 lakh micro loans extended to borrowers who belong to economic weaker sections.
Shares of the company was seen trading at Rs 126, higher by 3.83% on BSE at 10.15 am IST. The stock touched an intraday high of Rs 129.
GoodReturns.in
More From GoodReturns

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?

Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices

Gold Rates In India Crash By Rs 29,400 On March 21 After Spot Gold Hits Weakest Week; 24K, 22K, 18K Gold Price



Click it and Unblock the Notifications