Financial Times FT.com

Listing set to broaden microfinance horizons

By Joe Leahy in Mumbai

Published: October 8 2009 19:12 | Last updated: October 8 2009 19:23

SKS Microfinance, India’s largest lender to the country’s poor, has mandated three investment banks for its initial public offering in what would be the first listing of its type in the country.

SKS has hired Citigroup, Credit Suisse and domestic investment bank Kotak to advise on the $200m-$250m listing, which will give international investors their first taste of one of the world’s biggest markets for micro lending.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this