PH Ravikumar, non- executive chairperson - interim, SKS Microfinance says, loan securitisation is a part of ongoing fund raising exercise. He expects a qualified institutional placement (QIP) by month-end.
Shares of SKS Microfinance, India's largest and only listed microfinance company, fell over 8% in opening trades after it posted a third consecutive quarter of loss.
SKS Microfinance, India's largest and only listed microfinance company, Founder and Chairman Vikram Akula may exit the company, newspapers reported on Wednesday, quoting unnamed sources.