Buyout Funds Locked in India on Delays in Microfinance IPOs

Buyout Funds Locked in India on Delays in Microfinance IPOs

Adeel Halim/Bloomberg

SKS Microfinance shares have lost 41 percent since Oct. 15, when Andhra Pradesh, which accounts for almost a third of India’s microfinance loans, said interest payments shouldn’t exceed the loan amount and barred lenders from collecting on a weekly basis.