Latest News | Dynasty Acquisition Pares 2.14 Pc Stake in Shriram Finance for Rs 1,040 Cr
Get latest articles and stories on Latest News at LatestLY. Dynasty Acquisition (FPI) on Friday divested 2.14 per cent stake in the non-banking financial company (NBFC) Shriram Finance for Rs 1,040 crore through open market transactions.
New Delhi, Jan 13 (PTI) Dynasty Acquisition (FPI) on Friday divested 2.14 per cent stake in the non-banking financial company (NBFC) Shriram Finance for Rs 1,040 crore through open market transactions.
The buyers include -- FID Funds Mauritius, Societe Generale, BNP Paribas Arbitrage, and ICICI Prudential Life Insurance Company, among others.
Dynasty Acquisition (FPI) offloaded a total of 79,96,867 shares in eight transactions, amounting to a 2.14 per cent stake in the company, according to the block deal data available with the BSE.
The shares were sold at an average price of Rs 1,300 per piece, taking the transaction value to Rs 1,039.59 crore.
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Post the latest transaction, Dynasty Acquisition (FPI) shareholding reduced to 2.49 per cent from a 4.63 per cent stake in the company.
On Friday, shares of Shriram Finance closed 2.17 per cent lower at Rs 1,283.15 apiece on BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)