Mumbai: Micro lender Bharat Financial Inclusion Ltd has launched a share sale to institutions to raise up to Rs750 crore ($112.7 million), the company said on Thursday.
Bharat Financial Inclusion, formerly named SKS Microfinance, is selling the shares in a price range of Rs740 to Rs770 apiece, IFR, A Thomson Reuters publication, reported.
Ahead of the announcement, Bharat Financial Inclusion shares closed 4.3% higher at Rs812.30.
Credit Suisse, Kotak Mahindra, Motilal Oswal and Yes Securities were the arrangers for the share sale, IFR said. Reuters