India: Post equity infusion, SKS seems to have walked past its worst
With about 85 per cent of its loans in Andhra Pradesh being written off, and with a fresh infusion of equity investment, the worst seems to be over for India’s only listed microfinance institution – SKS microfinance. Read more here. In fact, Citi Bank group has also raised its target price on SKS from INR 107 to INR 155. Read more here.
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