SBI Mutual Fund has bought 6.20 lakh shares of Sundaram Finance through open market route. The shares were purchased on an average price of Rs 1,520 valuing the transaction to Rs 94.24 crore. On the other hand, Madapusi Sankarampadi Parthasarathy has sold 17.26 lakh shares of the company for an average price of Rs 1,520.01 through open market route.
Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation.