The shares were offloaded at Rs 370 apiece to various investors, including Nomura, Ward Ferry, and domestic mutual funds, sources disclosed. Sion Investment Holdings, an affiliate of Baring Private Equity Asia, held 4.17 crore shares or 26.67% stake in the company as of December 31, 2023.
In our Cash Logistics business, the network has further expanded in the quarter by 12% YoY with 129,000 business points. This highlights the growth in the bank and retail sectors with organised retail category growing well post-Covid. In our Managed Services and Technology Solutions business, we had new business wins of Rs. 500 cr in Q2 FY24, thereby making our overall order book size Rs. 3,800 crore with 75% of it being already executed."
Tech-to-tractor conglomerate Mahindra & Mahindra acquired a 3.53% stake in mid-sized private lender RBL Bank for Rs 417 crore (around $50 million), according to an ..