Comments
SKS Microfinance Ltd is planning to increase the upper limit of foreign institutional investment in the company.
The Hyderabad-based company will be holding an extraordinary general meeting of the members on December 21.
A special resolution to increase the foreign institutional investment limit from 24 per cent to 74 per cent of the paid-up equity shares of the company in line with the regulatory norms would be taken up in the meeting, SKS informed the BSE on Wednesday.
The stock of SKS declined 4.96 per cent to end at Rs 93 on the BSE on Wednesday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.