TPG Asia VII Sf Pte, the public shareholder of Five-Star Business Finance Ltd., sold 1.93% stake in the company for Rs 425.2 crore. The shareholder sold 56.54 lakh shares at Rs 752.02 apiece, according to bulk deal data.
Details of the buyers were not disclosed. In December, the US based private equity firm held 11.22% stake in the company.