SKS Microfinance Ltd issues Commercial Papers for Rs. 70 crore

SKS Microfinance Ltd has issued Commercial Papers of an aggregate amount of Rs. 70 crore on December 16, 2014, which have been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.

The aggregate Commercial Paper outstanding as on date is Rs. 150 crore.

Shares of SKS MICROFINANCE LTD. was last trading in BSE at Rs.361 as compared to the previous close of Rs. 366.75. The total number of shares traded during the day was 648607 in over 22800 trades.

The stock hit an intraday high of Rs. 372.8 and intraday low of 345.35. The net turnover during the day was Rs. 234777732.

Source : Equity Bulls

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