FIH Mauritius Investments has pared its stake in IIFL Finance through an open market deal worth around Rs 374.022 crore. FIH Mauritius Investments has sold around 63.39 lakh shares, representing 1.49% stake, at an average price of Rs 590 apiece.
Meanwhile, Smallcap World Fund Inc has bought around 61.73 lakh shares through an open market transaction worth around Rs 364.22 crore. The shares were acquired at the same price.
IIFL Finance is one of the leading players in the Indian financial services space. The company offers diverse product spectrum comprises home loans, gold loans, business loans including loans against property and MSME financing, microfinance, construction and real estate and capital markets finance.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 1149.80 |
| Shriram Finance | 1102.25 |
| Aditya Birla Capital | 422.65 |
| Chola Invest & Fin. | 1880.00 |
| Tata Capital | 368.95 |
| View more.. | |
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