Indian promoters of SBFC Finance offloaded six crore shares while SBI Mutual Fund, Morgan Stanley and Custody Bank of Japan together bought 3.8 crore shares.
CNBC-TV18 reported that SBFC Finance s promoter group was looking to offload a 5.45 percent stake in the lender, planning to earn Rs 536.50 crore from the transaction.
Promoter Arpwood Partners Investment Advisors LLP sold their entire 4.51 crore shares, which is 4.2 percent stake in the company at an average price of Rs 88
SUNDARAM SMALL CAP: The current allocation to large caps is due to the expected volatility over the short term. It mainly invests in attractively valued high-growth stocks. It aims to deliver alpha from both sectoral bets and stock picking.
SUNDARAM SMALL CAP: The current allocation to large caps is due to the expected volatility over the short term. It mainly invests in attractively valued high-growth stocks. It aims to deliver alpha from both sectoral bets and stock picking.