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

MarketMagnify provides you accurate tips related to the stock and share market with great accuracy percentile. For more information visit:- http://www.marketmagnify.com/aboutus.php

 

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.