"The QIP will enable us to augment our member base from the present 4 million to 8.5
million over the next three years, and meet their credit requirements,” the company said in a release quoting Mr. M.R. Rao, Managing Director and Chief Executive Officer, SKS Microfinance Limited.
SKS Microfinance Limited’s networth of Rs. 459 crore as of March 31, 2014 will cross Rs.
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850 crore (approximate) post the QIP, the release said.
The stock opened at Rs 275 and hit a high of Rs 286 on the Bombay Stock Exchange. Over 870,000 shares were traded on both the stock exchanges so far.
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