MUMBAI, Sept 22 Indian micro lender Bharat
Financial Inclusion Ltd has launched a share sale to
institutions to raise up to 7.5 billion rupees ($112.7 million),
the company said on Thursday.
Bharat Financial Inclusion, formerly named SKS Microfinance,
is selling the shares in a price range of 740 rupees to 770
rupees apiece, IFR, A Thomson Reuters publication, reported.
Ahead of the announcement, Bharat Financial Inclusion shares
closed 4.3 percent higher at 812.30 rupees.
Credit Suisse, India's Kotak Mahindra, Motilal Oswal and Yes
Securities were the arrangers for the share sale, IFR said.
($1 = 66.5401 Indian rupees)
(Reporting by Devidutta Tripathy and S. Anuradha of IFR;
Editing by Susan Fenton)