RBS sells 4.62% stake in SKS Microfinance for Rs 63 cr

Royal Bank of Scotland (RBS) on Thursday offloaded 4.62 percent stake in Hyderabad-based SKS Microfinance for about Rs 63.50 crore.

April 26, 2013 / 11:43 IST

26 Aug, 2025 12:21

Volume

Todays L/H

The Royal Bank of Scotland (RBS) on Thursday offloaded 4.62-percent stake in Hyderabad-based SKS Microfinance for about Rs 63.50 crore. According to the data available with the stock exchanges, RBS sold 50 lakh shares, amounting to a 4.62-percent stake, of SKS Microfinance through open market transactions.

The shares were sold on an average price of Rs 127.01 valuing the transaction to Rs 63.50 crore. Meanwhile, Merrill Lynch Capital Markets Espana has acquired 49.95 lakh shares of SKS Microfinance for Rs 63.48 crore.

At the end of March quarter, RBS Asia Merchant Bank (Singapore) Ltd held 50 lakh shares or 4.62 percent holding in the micro finance player. In September, RBS had bought 50 lakh shares of SKS from Deutsche Securities Mauritius for a little over Rs 58 crore through open market transactions.

Earlier, in July, Deutsche Securities Mauritius had picked up 9.15 percent , or 95 lakh shares, in SKS through qualified institutional placement for about Rs 78 crore. SKS Microfinance scrip dropped 1.52 percent to settle at Rs 129.20 on the BSE.

first published: Apr 25, 2013 11:32 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.