SKS getting closer to an IPO?

19th Jun 2008
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The Economic Times reports that SKS is planning to infuse Rs. 130 crores additional equity into the company to support its aggressive expansion plans [via Microcapital]. Here is the quote from the story:

“Our investors will infuse Rs 130 crore later this year on a pro-rata basis. We may plan to induct a new investor since we’ll be needing more capital next year and it cannot be generated internally. At this stage, it is not clear how much stake we will offload. We will also not exclude the possibility of a public issue,” Vikram Akula, founder and CEO, SKS Microfinance told ET

If SKS goes public, it will become the first Indian microfinance lender to do so.

Note: One of the TC-I editors had previously discussed the implications of SKS going public in this popular op-ed piece.

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