SKS Micro raises Rs 226 cr via securitisation deals, scrip gains

SKS Microfinance Ltd has concluded two secruitisation deals for Rs 226 crore.

With this, the Hyderabad-based company had completed 12 securitisation transactions with seven funding parters for Rs 1,207 crore in the financial year 2012-13 which ended on Sunday.

In addtion, SKS had also raised an incremental debt of Rs 1,680 crore for FY 13 and raised a fresh equity of Rs 263.5 crore. The total incremental fund flow stood at Rs 3,150 crore which is more than double the Rs 1,434 crore mobilsed in FY 12, the company said in a relase.

SKS Microfinance scrip gained 4.57 per cent after opening of trade on the Bombay Stock Exchange on Monday and is trading at Rs 127.10.

naga.gunturi@thehindu.co.in

Source: thehindubusinessline