Why Was Sks Ceo Suresh Gurmani Fired
SKS Microfinance also said that Ashish Lakhanpal has resigned as a director from the board of SKS to comply with the prescribed ratio for independent and non-independent directors. Lakhanpal was representing Kismet Capital, LLC, which sold a 4.5% stake in the IPO. Kismet Capital still holds a 7.8% stake in SKS after the issue. Market Sources who do not wish to be named but are aware of the internal workings of SKS Microfinance have floated two possible theories behind the sudden exit....