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- Quantum buys stake in SKS (26 July 2010)
Quantum, the hedge fund of investor George Soros has invested app. Rs. 19.08 crores to pick up around 3 lakh shares of SKS at a price of Rs. 636 per share. ...
- CARE assigns high grade to the IPO of SKS (23 July 2010)
SKS, India’s biggest MFI is about to float its IPO by the end of this month. As per the CRISIL’s October 09 report, the MFI is the biggest in terms of the total value of loans outstanding, number of borrowers, or members, and number of branches ...
- World Vision promoted SHG bags State and National Honour (23 July 2010)
The Laxmi Bai Women’s Self-Help Group of Naik nagar, Murum, Maharashtra which is promoted by Word Vision has bagged the 1st place in the State and 2nd place in the Country in the recent SHG Exhibition held in Mumbai. ...
- MFIs tying up with FMCG and Telecom companies (22 July 2010)
India’s largest MFI SKS Microfinance has very recently got associated with companies which are willing to explore the rural markets especially the FMCG and Telecom companies. In this view, the MFI is expanding its role from just been a lender to a marketing/sales intermediary. ...
- Microfinance firm sets sight on cities (22 July 2010)
Bhartiya Samruddhi Finance which is the flagship company of Basix group is planning to cater to the urban micro credit market. BSFL is going to expand its urban operations to reach out to 3 mn households in the next 5 years. It would be present in 100 cities by end of this year itself. ...
- Ratnakar Bank sets plan to issue its IPO in the coming year (21 July 2010)
Ratnakar Bank is presently operational in four states- Maharashtra, Karnataka, Gujarat and Goa. It has disclosed its plans to come out with shares in with in a year, which would be used to realise its future expansion. It is aiming to list its shares within next four years. ...
- CRISIL revises rating of Spandana Sphoorty (21 July 2010)
Spandana Sphoorty Financial Limited is India’s second biggest MFI after SKS. Recently CRISIL awarded Spandana Sphoorty a revised and improved rating on its long-term debt programme and bank facilities from Stable to Positive, being at ‘A-‘. With regards to its short-term debt programme, it has got rating of ‘P1’. ...
- MFIs eagerly awaiting response on SKS IPO (20 July 2010)
SKS Microfinance is the first Indian MFI which is about to float its IPO soon. All other MFIs in the country are eagerly awaiting its response in the market before they set their plans to follow SKS. SKS has recently acquired approval of SEBI, the Indian market regulator. ...
- Asia Micro Finance Forum 2010 to be held in Colombo (20 July 2010)
The Banking with the Poor Network has announced to host this year’s Asia Microfinance Forum 2010 (AMF 2010) in Colombo, Sri Lanka from 12-15 October. This event is organised by Foundation for Development Cooperation. The lead sponsorship is by Citi Foundation and the local host is the Hatton National Bank. The theme for this year’s event is Financial Inclusion - Achieving Asia’s Potential. ...
- SKS Microfinance IPO to be out on 28 July (19 July 2010)
The IPO to be floated by SKS Microfinance, the biggest MFI in the country will come out on 28th July and would be closing on 30th July. ...
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