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Van Gogh offloads 25 lakh shares in Shriram City Union Finance for over Rs 190 crore

11 Oct 2012 Evaluate

Van Gogh, which held 66.25 lakh shares or 12.64 percent stake in Shriram City Union Finance at the end of June quarter, has offloaded about 25 lakh shares of the non-banking finance company (NBFC) for a little over Rs 190 crore.

Van Gogh has sold 24.69 lakh shares of the company on an average price of Rs 771.03 valuing the deal at Rs 190.36 crore. Meanwhile, Vontobel Funds Inc acquired 24.46 lakh shares of the NBFC firm for Rs 188.63 crore.

Last month, Van Gogh had sold substantial shares of Shriram City Union Finance through open market transactions on the stock exchanges. It offloaded 13.91 lakh shares and 22.89 lakh scrips of the NBFC firm on September 27 and September 26, respectively.

Shriram City Union Share Price

1923.55 0.00 (0.00%)
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