-
Akula, once seen as the poster boy of microfinance in India, has joined the Hyderabad-based business correspondent firm as Chairman.
-
Biksham Gujja, Chairmam of SKS Trust, says it is a straightforward request that a 12.6 percent shareholder needs to get a board seat and he fails to see the objections to it. He has not yet received any formal response on nominating Vikram Akula on the board.
-
SKS Microfinance board members unanimously oppose giving a board seat to its founder Vikram Akula saying his return is not in the best interest of either the company or its borrowers,
-
Whether Akula, former chairperson, SKS Microfinance will be able to make a comeback after a two-year hiatus is a crucial question, but it looks like the company's board could be creating a roadblock for him. This is the same board which overthrew Akula two years back.
-
Tata Motors | Hindustan Zinc | Jaiprakash Power Ventures | Brigade Enterprises | Coal India | Reliance Power | Jindal Steel | Infosys | TCS | Sesa Goa and SKS Microfinance are stocks, which are in the news today.
-
In a letter to the micro finance lender, Biksham Gujja, Chairperson of the trustee of SKS Trusts, said that it have recently become the largest shareholder with 12.6 percent shareholding, and reiterated its long-standing request for suitable representation on the Board.
-
On September 03, 2013 SKS Mutual Benefit Trust Medak bought 10,25,490 shares of SKS Microfinance at Rs 130.79 on the BSE.
-
Akula, former chairperson of the company, today sold his entire residual holding of 9,06,724 shares, or 0.84 percent stake Rs 12 crore, according to data available with bourses. Besides, Sequoia Capital, which has been a promoter entity and an early stage investor, also sold 15 lakh shares for around Rs 20 crore.
-
After being the bad boy of microfinance, SKS is now trying to pick itself up and transform into a more cost-effective, diversified organization
-
…to make it available to any Indian who wanted to escape poverty.
-
With the exit of founder Vikram Akula from SKS Microfinance, India’s only listed micro lender’s shares rose 5% during opening trade. CNBC-TV18’s managing editor Udayan Mukherjee says some of the uncertainty from the stock is gone.
-
Vikram Akula has been step down from SKS Microfinance board yesterday. PH Ravi Kumar will take over as interim non-executive chairman, reports CNBC-TV18.
-
Vikram Akula, founder of SKS Microfinance resigned from the board yesterday. PH Ravikumar, an independent director on the board of SKS India and former chief executive officer of NCDEX is taking over as the interim non-executive chairman of the only listed microfinance instiutution.
-
Founder and executive chairman of the country's only listed micro finance institution SKS Microfinance Vikram Akula today resigned from the board in wake of the huge losses suffered by the Hyderabad-based firm.
-
SKS Microfinance, India's only listed microlender, said on Wednesday its founder Vikram Akula resigned as chairman and named an independent director as an interim replacement.
-
Vikram Akula has stepped down from SKS Microfinance board, reports CNBC-TV18. Meanwhile, Ravi Kumar is all set to takeover as the interim non-executive chairman of the company.
-
SKS Microfinance board meeting is underway in Mumbai. Sources indicated that there may be a change of guard, and founder and Chairman Vikram Akula may exit the company. CNBC-TV18’s Gopika Gopakumar also reported that the microfinance institution would change its strategy.
-
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.
-
Vikram Akula is going to exit SKS Microfinance. The company board is going to meet today, reports CNBC-TV18.
-
SKS Microfinance Ltd Executive Chairman Vikram Akula's ex-wife Malini Byanna told CNBC-TV18 that Akula undertook illegal activities.
-
SKS Microfinance shares rose 10% to Rs 299 in the afternoon trade on Tuesday. However, the surge came after the stock was beaten down badly in recent times on regulatory concerns in microfinance sector in particular.
-
The microfinance sector received a huge leg up, first from the finance minister's budget speech and most recently, the RBI's acceptance of the Malegam Committee recommendations where it has re-affirmed priority sector status for microfinance.
-
The microfinance industry has seen some key changes after the MFI act has been implemented in Andhra Pradesh. In an interview with CNBC-TV18, Vikram Akula, Founder of SKS Finance gives a status check on the key changes.
-
India's average age in 2020 will be under 30, in the US it will be 37 and in Japan 48. This can improve India's savings rate and our dependency ratio will improve as well. However, the big question is – can India take advantage of this demographic window in the next couple of decade and garner the benefits?
-
Vikram Akula, chairman of SKS Microfinance, has urged the central bank to intervene in Andhra Pradesh, saying it will get difficult to continue in the state if the restrictive law remains, reports Business Standard.
