Four foreign public shareholders of Five-Star Business Finance Ltd. sold 14.56% stake for Rs 3,475.33 crore on Thursday in the company through an open market transaction.
TPG Asia VII SF PTE offloaded 2 crore shares or 6.85% and Norwest Venture Partners X Mauritius traded 80.46 lakh shares or 2.75%, at Rs 800.5 apiece, according to BSE data.
TPG Asia VII SF PTE and Norwest Venture Partners X Mauritius held 9.28% and 5.16% stake, respectively, in the company as of June 2024.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Peak Xv Partners, through its affiliates, traded 91.23 lakh shares or 3.11% and Sequoia Capital sold 54.13 lakh shares or 1.85%. Peak XV Partners growth investments II held a 3.77% stake in the company as of June 2024.
Nomura, through its affiliates, bought 93.92 lakh shares or 3.2%; Eastspring Investments India Equity Open Ltd. mopped up 24.87 lakh shares or 0.85%, at Rs 800.5 apiece.
Also, Max New York Life Insurance Co. Ltd. obtained 17.52 lakh shares or 0.59%, while Max Life Insurance Co. Ltd. purchased 16.83 lakh shares or 0.57%, at Rs 800.5 apiece.
Morgan Stanley Asia Singapore PTE, HDFC Mutual Fund and SBI Life Insurance Co. Ltd. are among the other buyers.
Shares of Five-Star Business Finance closed 1.47% lower at Rs 769.10 apiece, compared to a 0.81% rise in the benchmark NSE Nifty. The stock has risen 14.36% in the last 12 months and 8.48% year-to-date. The relative strength index was 60.64.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
