SKS Trust Sells 7.6% Stake in SKS Mi­crofin

The Economic Times - - Companies -

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.

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