SKS Microfinance Ltd issues Commercial Papers for an aggregate amount of Rs.50 crore

SKS Microfinance Ltd has issued Commercial Papers of an aggregate amount of Rs. 50 crore on July 24, 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 the lowest credit risk.

The aggregate Commercial Paper outstanding as on date is Rs. 425 crore.

Shares of SKS MICROFINANCE LTD. was last trading in BSE at Rs.562.85 as compared to the previous close of Rs. 565.1. The total number of shares traded during the day was 233624 in over 4890 trades.

The stock hit an intraday high of Rs. 573.25 and intraday low of 559.7. The net turnover during the day was Rs. 132536680.

Source : Equity Bulls

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