Dynasty Acquisition sells 2.14% stake in Shriram Fin via bulk deal

Dynasty Acquisition sells 2.14% stake in Shriram Fin via bulk deal

Fid Funds Mauritius then purchased 6.63 million shares, or 1.77% of Shriram Finance, in a bulk transaction

FPJ Web DeskUpdated: Saturday, January 14, 2023, 01:16 PM IST
article-image
Dynasty Acquisition sells 2.14% stake in Shriram Fin via bulk deal | Image: Shriram Finance

Dynasty Acquisition (FPI) Ltd sold 8 mln shares, or 2.14% stake, in Shriram Finance Ltd on Friday for 10.40 bln rupees in a bulk deal on the BSE, via an exchange filing.

The shares were sold at 1,300 rupees apiece.

In the corporation, Dynasty Acquisition (FPI) owned 4.63% of the shares as of September 30. Dynasty Acquisition's ownership of the non-banking financial organisation will drop to just under 2.5% as a result of this stake sale.

Fid Funds Mauritius then purchased 6.63 million shares, or 1.77% of Shriram Finance, in a bulk transaction.

Additionally, ICICI Prudential Life Insurance Co. and Norges Bank each made purchases of 576,923 and 300,000 shares on behalf of the Government Pension Fund Global. These shares cost 1,300 rupees each when they were bought.

At a price of 1,300 rupees per share, Societe Generale, BNP Paribas Arbitrage, and Aditya Birla Sun Life Insurance Co. also purchased 492,383 shares of Shriram Finance.

RECENT STORIES

Akasa Air Expands International Operations: Launches Daily Mumbai-Phuket Flights As 6th Overseas...

Akasa Air Expands International Operations: Launches Daily Mumbai-Phuket Flights As 6th Overseas...

Amul Cuts Prices On 700+ Products After GST Rollback; Check New Rates

Amul Cuts Prices On 700+ Products After GST Rollback; Check New Rates

Don't Leave America! Microsoft, JP Morgan, Amazon, IBM, and Apple Caution H1B & H4 Techies

Don't Leave America! Microsoft, JP Morgan, Amazon, IBM, and Apple Caution H1B & H4 Techies

Air India Issues Travel Advisory Amid Check-In Disruption At London Heathrow Airport After...

Air India Issues Travel Advisory Amid Check-In Disruption At London Heathrow Airport After...

H-1B Visa: Trump's Policy Hurting American Medical Care?

H-1B Visa: Trump's Policy Hurting American Medical Care?