India’s SKS Microfinance recovering from Andhra Pradesh crisis
Wednesday, February 5, 2014
Hyderabad: SKS Microfinance Ltd, India’s only listed microlender, plans to raise Rs.400 crore in the next fiscal year with a maximum equity dilution of 20%.
“The proposed capital raise of up to Rs.400 crore will fund such growth opportunities besides reinforcing the capital position of SKS Microfinance,” SKS said in a disclosure to BSE on Wednesday.
The microlender board met on Tuesday to finalise its corporate plan for the fiscal year ending March 2015, which the company calls SKS 3.0.