You are here: Home » Finance » News » Microfinance

Bharat Financial Inclusion launches up to $113 million share sale

Ahead of the announcement, Bharat Financial Inclusion shares closed 4.3% higher at 812.30 rupees

Micro lender Financial Inclusion Ltd has launched a share sale to institutions to raise up to 7.5 billion rupees ($112.7 million), the company said on Thursday.

Financial Inclusion, formerly named SKS Microfinance, is selling the shares in a price range of 740 rupees to 770 rupees apiece, IFR, A Thomson Reuters publication, reported.

Ahead of the announcement, Financial Inclusion shares closed 4.3 per cent higher at 812.30 rupees.

Credit Suisse, Kotak Mahindra, and Yes Securities were the arrangers for the share sale, IFR said.

image
Business Standard
177 22
Business Standard

Bharat Financial Inclusion launches up to $113 million share sale

Ahead of the announcement, Bharat Financial Inclusion shares closed 4.3% higher at 812.30 rupees

Reuters  |  Mumbai 

A private money trader counts rupees at a shop in Mumbai. Photo:Reuters
A private money trader counts rupees at a shop in Mumbai. Photo:Reuters

Micro lender Financial Inclusion Ltd has launched a share sale to institutions to raise up to 7.5 billion rupees ($112.7 million), the company said on Thursday.

Financial Inclusion, formerly named SKS Microfinance, is selling the shares in a price range of 740 rupees to 770 rupees apiece, IFR, A Thomson Reuters publication, reported.

Ahead of the announcement, Financial Inclusion shares closed 4.3 per cent higher at 812.30 rupees.

Credit Suisse, Kotak Mahindra, and Yes Securities were the arrangers for the share sale, IFR said.

RECOMMENDED FOR YOU

Bharat Financial Inclusion launches up to $113 million share sale

Ahead of the announcement, Bharat Financial Inclusion shares closed 4.3% higher at 812.30 rupees

Ahead of the announcement, Bharat Financial Inclusion shares closed 4.3% higher at 812.30 rupees
Micro lender Financial Inclusion Ltd has launched a share sale to institutions to raise up to 7.5 billion rupees ($112.7 million), the company said on Thursday.

Financial Inclusion, formerly named SKS Microfinance, is selling the shares in a price range of 740 rupees to 770 rupees apiece, IFR, A Thomson Reuters publication, reported.

Ahead of the announcement, Financial Inclusion shares closed 4.3 per cent higher at 812.30 rupees.

Credit Suisse, Kotak Mahindra, and Yes Securities were the arrangers for the share sale, IFR said.
image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard