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SKS Trust Advisors sells 7.6 per cent stake in SKS MicrofinanceShares were sold for an average price of Rs 222.44, valuing the transaction at Rs 182.61 cr. SKS Trust had sold 0.03% stake for Rs 92.52 la...- Vikram Akula to bury past, SKS Trust to sell stake in SKS MicrofinanceVikram Akula has given up the battle to re-establish his presence in SKS Microfinance — the company he had founded but was forced to quit.
- WestBridge to buy 1.74% SKS stake, to emerge second largest holderWestBridge Ventures, which currently holds 4.32% stake in India’s only listed micro lender SKS Microfinance, has agreed to buy another 1.74...
- SKS Promoter entity plans to move Company Law Board against SKS MicrofinanceThe trust, led by Bikshamaiah Gujja, a well-known social scientist, is disappointed with the SKS Microfinance board for denying a board sea...
- Vikram Akula’s attempt to return to SKS Microfinance rests on Rs 250 crore trustsEarlier, Akula and some SKS board members vehemently disagreed on how these trusts should be governed.
- SKS Trusts may contest rejection of berth on Microfinance board by approaching CLBSKS Trusts, which was denied a berth on SKS Microfinance Limited Board, said it will look at approaching the Company Law Board.
- SKS securitises Rs 354 cr from public lenderUnder the pool securitisation, bundling micro loans made to borrowers like micro-entrepreneurs are sold to investors such as banks to raise...
- SKS Microfinance trims its loan book by Rs 243 croreSKS Microfinance has sold 243 crore off its loan book to a bank, enabling it to deploy the proceeds for fresh loans to the poor.
- After Suresh Gurumani termination, SKS Microfinance wants Vikram Akula to step down from executive chairman postVikram Akula, the one-time poster boy of microfinance is under threat of losing control over the company he launched in 1998. Some SKS boar...
- SKS Microfinance seen struggling short-term; stock up 9%Lender-to-the-poor SKS Microfinance, whose shares have taken a beating on a gloomy sector outlook, expects fresh difficulties in coming qua...
- Once cursed, IPO may be SKS Microfinance’s blessingIndustry observers say micro-lender is best placed to survive current crisis with its greater capital buffer.
- SKS falls 9% on regulatory fearsGoing by its last close, the SKS scrip has shed nearly 60% as compared to its peak of Rs 1,491 scaled during the good times on September 28.
- Microfinancier SKS shares plunge on law approvalShares in India's largest lender to the poor, SKS Microfinance, fell more than 4.5 percent in morning trade Wednesday after a state legisla...
- SKS faced power tussles in past tooEven as reasons for sacking of Suresh Gurumani continue to be shrouded in mystery, it emerges that this is not the first time that India's ...
- Gurumani fired due to interpersonal issues: SKS chief AkulaSKS chief Vikram Akula said that CEO termination was not due to financial irregularities. He said that SKS will work closely with SEBI, RBI...
- No personality clash with sacked CEO: SKS MicrofinanceThe company did not give the exact reason for terminating services of Gurumani four years before his contract was to end.
- Narayana Murthy's SKS stake value to rise 3 times, post IPOInfosys co-founder & mentor NR Narayana Murthy’s maiden investment as a venture capitalist is set to treble in value. In January this year,...
- SKS Microfinance mops up Rs 366 crSKS Microfinance on Monday announced that it has raised $75 million (Rs 366 crore) from a host of investors including Sandstone Capital, SK...
- SKS Micro-finance raises Rs 366 croreSources close to the development said the list of investors include Kismat Capital, SBD India Capital, and Standstone Partners.
- SKS Microfinance set to raise capital by Rs 130 crBlue chip microfinance lender SKS Microfinance is likely to induct a new investor next year to raise capital to meet its expansion plans. I...
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