 "SKS completes two securitisation transactions worth Rs 115 cr")
In a filing with bourses, SKS without naming the rating agency said both the transactions were rated as A+(SO).
"The company has completed two securitisation transactions aggregating Rs 115 crore, rated A1+(SO). With this, the company has completed 10 securitisation transactions aggregating Rs 981 crore in FY13 (YTD)," SKS said in the filing.
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When contacted Dilli Raj, Chief Financial Officer, SKS said the securitisation was done from the receivables of non-AP portfolio.
"While one securitisation deal was done with a private sector bank, the other was completed with a public sector bank," Raj told PTI.
Securitisation is the process of conversion of existing assets or future cash flows into marketable securities.
SKS stocks rose by 5.85% to Rs 126.60 on Bombay Stock Exchange during afternoon trade.