SBFC Holdings Sells 1.3% Stake In SBFC Finance For Rs 112 Crore

SBFC Holdings Pte, a promoter of the non-banking financial company SBFC Finance, sold nearly a 1.3% stake in the company for Rs 112 crore through an open market transaction on Wednesday.

SBFC Holdings Pte offloaded over 1.36 crore shares or a 1.3% stake, in Mumbai-based SBFC Finance, according to bulk deal data on the NSE. The shares were sold at an average price of Rs 82 each, amounting to a transaction value of Rs 111.72 crore.

After this sale, SBFC Holdings' stake in SBFC Finance reduced from 54.75% to 53.49%. However, details of the buyer(s) were not mentioned on the exchange.

Shares of SBFC Finance gained 0.57%, closing at Rs 84.64 per share on the NSE.

In another bulk deal on the NSE, Goldman Sachs, through its affiliate, sold 8.44 lakh shares of Mahindra Lifespace Developers for Rs 28 crore via an open market transaction.

The shares were offloaded at an average price of Rs 330.31 apiece, taking the deal size to Rs 27.89 crore. Details of the buyer(s) of Mahindra Lifespace Developers shares could not be identified on the exchange.

Mahindra Lifespace Developers shares climbed 6.08% to close at Rs 330 apiece on the NSE.

(With PTI Inputs)