SKS Microfinance rallies over 3% on securitisation deal

NEW DELHI: SKS Microfinance Ltd rallied as much as 3.2 per cent in trade on Thursday after the micro lender said that it has completed the tenth securitization transaction during the current financial year of Rs 26.73 crore.

With this, the total sum of securitizations completed for FY14 (YTD) is Rs 1,377.94 crore, said media reports.

At 09:25 a.m.; SKS Microfinance was trading 2.5 per cent higher at Rs 198.30. It has hit a low of Rs 194.80 and a high of Rs 199.65 in trade today.

According to reports, the entire pool qualifies for priority sector treatment as per RBI's priority sector lending guidelines.