Bharat Financial Inclusion launches up to $113 million share sale

Bharat Financial Inclusion, formerly named SKS Microfinance, is selling the shares in a price range of Rs740 to Rs770 apiece


Bharat Financial Inclusion Ltd has launched a share sale to institutions to raise up to Rs750 crore.
Bharat Financial Inclusion Ltd has launched a share sale to institutions to raise up to Rs750 crore.

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

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