SKS Trust Sells 7.6% Stake in SKS Microfin
SKS Trust Advisors, the largest shareholder of SKS Microfinance, on Wednesday offloaded 7.6% stake in the microfinance player for more than .` 182 crore through open market route. SKS Trust, the sole trustee of five Mutual Benefit Trusts, sold a total of 82,09,040 shares, amounting to 7.58% stake, of the only listed microfinance player, according to the bourses' bulk deal data. Shares were sold for an average price of .` 222.44, valuing the transaction at .` 182.61 crore. Earlier, SKS Trust had sold 0.03% stake for .` 92.52 lakh.