SKS Microfinance filed the draft red herring prospectus with the market regulator SEBI on Thursday to raise $250 million through an initial public offer, report media.
Being the first Indian micro-finance company to get listed, the company plans to issue 16.79 million shares. The issue comprises fresh issue and offer of sale. The company is likely to tap the market in June. It has appointed Kotak Mahindra Capital Co., Citigroup Global Markets India and Credit Suisse Securities (India) as the book running lead managers to the issue.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.