Wednesday, July 28, 2010

SKS MICRO IPO: LOAN TO PROMOTER AT 0% AND TO THE POOR AROUND 30%P.A. SKS WAY OF FIGHTING POVERTY.

The company advanced an interest free loan amounting to Rs 16.36 million to its promoter Vikram Akula in 2007, where as, it is charging usurious rate on money lent to the poor, down trodden and other unfortunate sections of the society.

READ FULL ARTICLE IN TODAY’S ECONOMIC TIMES.

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