Thursday, 17 March 2016

SKS Microfinance Up 2% on 6th Securitisation Transaction in FY16

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SKS Microfinance shares gained more than 2 percent intraday Thursday on completion of sixth securitisation transaction in FY16. 


"SKS Microfinance completed sixth securitisation transaction during FY16 for a pool value of Rs 214.61 crore," says the micro finance lender in its fling. 


With this transaction, total sum of securitisation completed during FY16 (year-to-date) is Rs 1,781.82 crore. 


 SKS says entire pool has been rated AA (SO) by a leading rating agency, signifying a 'high degree of safety regarding timely servicing of financial obligations', adding such instruments carry a very low credit risk.


 At 09:22 hours IST, the scrip of SKS Microfinance was quoting at Rs 529.70, up Rs 6.30, or 1.20 percent on the BSE.

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