Mauritius Unitus Corporation has sold 19,498 of its shares in SKS Microfinance Ltd in open market trade on the NSE.
According to a filing to the bourses, the transaction of sale was done on January 15, 2013, at a value of Rs 34.35 lakh. Post the sale, Mauritius Unitus Corporation now has 1.93 per cent stake in the only-listed microfinance institution in the country.
In December last year, another promoter of SKS Microfinace, West Bridge Ventures II LLC, had also sold significant number of shares in different transactions and trimmed its stake from 3.93 per cent to 2.85 per cent.
The exit of old-promoters from the beleaguered company which was hit by Andhra Pradesh microfinance crisis had an impact on the stock price during last week.
From Rs 174 on January 15, it tumbled below Rs 168 the next day after which it started gaining ahead of its board meeting on January 24.
On Monday, SKS scrip gained 3.17 per cent to end at Rs 178.75 on the BSE.