Latest News | Two Individuals Offload Poonawalla Fincorp Shares Worth Rs 120 Cr

New Delhi, Jun 22 (PTI) Two individuals on Wednesday offloaded shares of Poonawalla Fincorp Ltd worth Rs 120 crore through open market transactions.

According to block deal data available with the BSE, Sanjay Chamria and Mayank Poddar sold 27,06,350 shares each at an average price of Rs 222 apiece, taking the transaction size to Rs 120.16 crore.

Also Read | Jammu and Kashmir: Flash Floods, Landslides Due to Heavy Rains and Snowfall; Schools Shut In Several Districts; Jhelum Crosses Danger Mark in Anantnag.

Chamria served as the vice-chairman and managing director of Magma Fincorp (now known as Poonawalla Fincorp Ltd), while Mayank Poddar served as the chairman emeritus of the company.

Celica Ventures and Microfirm Capital Pvt Ltd picked up the shares at the same price.

Also Read | Xiaomi Mi Smart Band 7 With Always-on-Display, 14 Days of Battery Life Launched.

Shares of Poonawalla Fincorp closed 0.44 per cent higher at Rs 226.10 on BSE.

Last week, Chamria and Poddar disposed of 26,25,000 and 26,23,581 shares of the company.

(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)