SKS Microfinance Ltd has announced that the Board of Directors of the Company at its meeting held on May 04, 2016, has approved change in name of Company from "SKS Microfinance Limited" to "Bharat Financial Inclusion Limited", subject to the approvals of the shareholders,
SKS Microfinance Ltd has announced that the Board of Directors of the Company at its meeting held on May 04, 2016, has approved change in name of Company from "SKS Microfinance Limited" to "Bharat Financial Inclusion Limited", subject to the approvals of the shareholders, Reserve Bank of India, Stock Exchanges, Ministry of Corporate Affairs and/or any other appropriate authority(ies).
SKS Microfinance Ltd ended at Rs. 596.15, down by Rs. 18.1 or 2.95% from its previous closing of Rs. 614.25 on the BSE.
The scrip opened at Rs. 614.8 and touched a high and low of Rs. 617.95 and Rs. 590.6 respectively. A total of 2545499(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7591.02 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 634.6 on 03-May-2016 and a 52 week low of Rs. 369.45 on 18-Sep-2015. Last one week high and low of the scrip stood at Rs. 634.6 and Rs. 581.75 respectively.
The promoters holding in the company stood at 2.65 % while Institutions and Non-Institutions held 77.05 % and 20.28 % respectively.
The stock traded above its 50 DMA.
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