SKS Microfinance gains after block deal on BSE

Shares of SKS Microfinance were locked in 5% upper circuit at Rs 122.40 on the Bombay Stock Exchange following a large block deal on the exchange.

A block deal of 5,000,000 shares, about 7% of the paid-up equity capital, was registered on the Bombay Stock Exchange at a price of Rs 117.15 a share.

The company has a paid-up capital of Rs 73.26 crore comprising of 73.26 million shares of face value Rs 10 each.

Promoter and promoter group companies hold 37.62% stake in the company, as per details available on the BSE website.

Over 5.2 million shares were traded on both the stock exchanges so far.