19 Jun, 2013
The Leela Palace, Bengaluru
Tuesday, July 17, 2012 - 16:45 IST
SKS Microfinance QIP issue oversubscribed; Company raises $42M
BY Bhawna Gupta
The microfinance firm is in the process of raising Rs 33.55cr through a preferential allotment to existing investor WestBridge Capital.
SKS Microfinance Ltd has closed its qualified institutional placement (QIP), raising Rs 230 crore ($42 million) in the process, as the first tranche of a much larger fundraising plan announced last year. This is the first...
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