SKS Microfinance Ltd issues Commercial Papers for an aggregate amount of Rs.60 crore

SKS Microfinance Ltd has issued Commercial Papers of an aggregate amount of Rs.60 crore on May 7, 2015, which has 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 lowest credit risk.

The aggregate Commercial Paper outstanding as on date is Rs.500 crore.

Shares of SKS MICROFINANCE LTD. was last trading in BSE at Rs.444.85 as compared to the previous close of Rs. 465.5. The total number of shares traded during the day was 305566 in over 5843 trades.

The stock hit an intraday high of Rs. 463 and intraday low of 440.5. The net turnover during the day was Rs. 136540481.

Source : Equity Bulls

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