Financial Services Company Capital Group has sold shares of Aavas Financiers for Rs 143 crore through open market transactions. US-based Capital Group through its affiliate -- Smallcap World Fund, Inc -- offloaded the shares of Aavas Financiers in two tranches on the National Stock Exchange (NSE) and the BSE.
According to the bulk deal data available with the NSE and the BSE, Smallcap World Fund Inc sold 10.06 lakh shares, amounting to a 1.3 per cent stake in Aavas Financiers. The shares were disposed of within the price range of Rs 1,420.19-1,421.05 apiece on the BSE and the NSE, taking the combined transaction value to Rs 142.91 crore.
Aavas Financiers is a retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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