sks microfinance

India: MFIs increasingly raising money through securitisation…

30 Aug, 2010, 01.42AM IST, Shailesh Menon,ET Bureau
MUMBAI: Microfinance companies are increasingly adopting the securitisation model to raise capital. Over a dozen organised lenders have raised money over the past one year by selling their assets (micro-loan units) in the securitised form. This involves the pooling of similar type of micro-loans and repackaging them [...]

SKS Microfinance Market Capitalization crosses US$ 2 Billion…

SKS Microfinance has risen by more than 30% on it’s issue price of Rs 985 .
The market capitalization of SKS Microfinance, India’s largest micro finance company which listed on the stock markets on the 16th August 2010 has crossed US$ 2 Billion in a short span of two week. The stock also made a [...]

After SKS success, more microfinance public issues are on the horizon…

Namrata Acharya / Kolkata August 31, 2010, 0:55 IST
It was merely a coincidence that the year after C K Prahalad’s bestseller, The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits (2004), that Vikram Akula returned to SKS Microfinance, leaving a consultancy job at McKinsey & Company in Chicago [...]

‘SKS IPO proceeds will go to non-profit work’

13 Aug 2010, 0157 hrs IST,M Rajshekhar,ET Bureau
Roughly a month before the SKS Microfinance IPO, the Seattle-based charity Unitus, a large investor in the firm, unexpectedly announced it was shuttering its non-profit operations in micro-credit and laying off more than 40 employees. The decision sparked a controversy because Unitus stood to [...]

WSJ: Confessions of a Micro-Financier…

August 11, 2010, 5:38 PM IST
By Bijou George and Eric Bellman
Microfinance doesn’t help the very poor.
While the argument that all the attention the microlending industry attracts sometimes diverts funds from reaching programs that need it more is not new, India Real Time was surprised to see it outlined by [...]

WSJ: SKS Microfinance IPO Fully Subscribed…

By JOHN SATISH KUMAR
MUMBAI—The initial public offering of SKS Microfinance Ltd. was fully subscribed on the third day of subscriptions Friday, an investment banker involved in the share sale said.
“The bids have been coming in and the institutional book has been covered multiple times. We’re on course for the book [...]

Portfolios.com: Not the Typical Charity Case…

by Clay Holtzman Jul 26 2010

Investors linked to a charity stand to receive millions of dollars when a company they supported in lending to the poor in India goes public next week.The charity, Unitus, abruptly dismissed most of [...]

Bloomberg: Soros-Backed SKS Microfinance Seeks as Much as $347 Million in Indian IPO…

By Ruth David – // Jul 26, 2010 12:25 AM CST
SKS Microfinance Ltd., the Indian lender backed by Sequoia Capital and George Soros, raised its initial public offering to as much as 16.3 billion rupees ($347 million) after [...]

SKS Microfinance public issue too expensive, say analysts…

Retail investors get a discount of Rs50 and one day more than institutional buyers to subscribe to the offer…
Pramit Bhattacharya, [email protected]
SKS Microfinance Ltd, India’s largest microfinance institution (MFI), will sell 16.7 million shares from Wednesday and has priced its initial public offering (IPO) at between Rs850 and Rs985 a share. Analysts [...]

Retail investors may get a discount while buying SKS Microfin’s shares…

Submitted by Jaideep Kumar on 2010, July 21 – 12:20
In its next initial public offering which is opening on twenty eighth of July for subscription SKS Microfinance may come up with an offer to sell its shares at a discount rate to retail investors
The company plans to raise a sum of [...]

Maoists, mafia, MLAs and moneylenders: they are external, extortionist threats…

Sanjiv Shankaran, [email protected]
New Delhi-
Vikram Akula, chairman of SKS Microfinance Ltd, is arguably the most controversial figure in India’s nascent microfinance industry. As SKS’ initial public offering (IPO) approaches, the first among microfinance companies, Akula spoke in an interview about his unabashed support for a commercial approach to the business of lending [...]

Bloomberg: SKS to Sell Shares July 28-July 30, Document Shows…

By Ruth David
July 12 (Bloomberg) — SKS Microfinance Ltd., India’s largest microfinance company, plans to sell shares in its $250 million initial public offering from July 28 to July 30, according to a sale document obtained by Bloomberg.
The price range at which the Hyderabad-based company will offer the shares will be [...]

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