SKS Microfinance Ltd closes QIP

The Board of Directors of SKS Microfinance Ltd at its meeting held on May 22, 2014 decided to close the issue and approved the issuance of 17,777,777 Equity Shares to Qualified Institutional Buyers ( the "QIBs") at a price of Rs. 225 per Equity share, including a premium of Rs. 215 per equity share, aggregating to approximately Rs. 400 Crore under the Chapter VIII of the SEBI Regulations and Section 42 of the Companies Act, 2013(including the rules made thereunder).

Shares of SKS MICROFINANCE LTD. was last trading in BSE at Rs.294.1 as compared to the previous close of Rs. 284.75. The total number of shares traded during the day was 541686 in over 22122 trades.

The stock hit an intraday high of Rs. 299.7 and intraday low of 283. The net turnover during the day was Rs. 159135030.

Source : Equity Bulls

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