Posts Tagged ‘Suresh Gurumani’

Microfinance Focus, Oct 26, 2010: Security Exchange Board of India (SEBI) which issued a letter to SKS Microfinance seeking clarifications over the sudden removal of its CEO Suresh Gurumani earlier this month has said that investigation is still going on over the issue.  “The investigation is still on..," Sebi Chief C B Bhave told reporters in Mumbai according to an Economic Times report. Gurumani was sacked ... Full story

Microfinance Focus, Oct 9, 2010: Denying media reports of an High Court order issued for SKS to put back Suresh Gurumani to office as the company’s Managing Director and CEO, SKS spokesperson Mr. Atul Takle, EVP of Communications said, “Contrary to all the media reports published, High Court order nowhere says that Mr. Suresh Gurumani has to be put back as SKS’s CEO and he ... Full story

Microfinance Focus, Oct 8, 2010: In yet another blow, SKS Microfinance Pvt. Ltd. which had its first plunge on the stock markets last Monday with its shares falling more than 5% on BSE, has today again tumbled 5.8% following SEBI’s (Securities and Exchange Board of India) notice which was issued to the company last evening seeking explanation for the sudden removal of its CEO Mr. ... Full story

Microfinance Focus, October 5, 2010: Sacking of its Chief Executive Officer, Suresh Gurumani after a successful public offering two months ago, sent the shares of SKS Microfinance tumbling 5.8 percent at 1,276 rupees on Monday on Bombay Stock Exchange (BSE). The company has appointed Mr. M. R. Rao, Deputy CEO as the Managing Director & CEO for a period of 3 years with effect from ... Full story

Microfinance Focus, October 4, 2010: Indian microfinance giant SKS Microfinance Ltd has informed Bombay Stock Exchange (BSE) that the Board of Directors of the Company at its meeting held October 03, 2010, which was adjourned and re-convened on October 04, 2010, has passed a resolution terminating the appointment of Mr. Suresh Gurumani as Managing Director and Chief Executive Officer of the Company and withdrawn all ... Full story

By Vikash Kumar & Daniel Rozas * Microfinance Focus , May 12, 2010 : SKS Microfinance, India’s biggest lender to the poor, is soon to become the nation’s first microfinance company to list on the Stock Exchange. In the past 10 years, it has evolved from an NGO to a public limited company and has set many benchmarks for the industry to follow. Microfinance Focus presents ... Full story

Microfinance Focus, Feb 18, 2010: India's largest microfinance institution SKS Microfinance has denied reports that Catamaran Fund, the private equity fund of Infosys mentor N.R. Narayana Murthy, is negotiating to acquire a pre-IPO stake in the company. Speaking to Microfinance Focus in Hyderabad, SKS CEO Suresh Gurumani said, "That is a rumour. I cannot comment on it." He clarified this when sought his reaction to reports published ... Full story

Microfinance Focus, Sept. 19, 2009: Social business advisory firm Intellecap, in association with microfinance equity fund Aavishkaar Goodwell, will hold SRIJAN, a microfinance and financial inclusion event in Mumbai on Dec. 8, 2009. Full story