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Vikram Akula no more promoter of SKS Microfinance

SKS Microfinance today said it will cease to treat a few entities, including Vikram Akula and Sequoia Capital India Growth Investments, as its promoters.

Shareholders have no right to nominate directors: SKS

With its ousted founder Vikram Akula attempting to script a comeback, SKS Microfinance Tuesday said none of its shareholders have any right to nominate a director on the company board.

SKS Microfinance shares up 5% after chairman quits

Shares in India's only-listed microlender SKS Microfinance opened up 5 percent, its maximum daily limit, on Thursday after its Chairman Vikram Akula on Wednesday stepped down.

Vikram Akula quits SKS Microfinance

Founder and chairman of the only listed microfinance institution SKS Microfinance Vikram Akula on Wednesday resigned from the board with immediate effect in the wake of huge losses suffered by the Hyderabad-based firm.