23 Jul 2019 | 3:25 PM


East Bridge Capital buys stake worth Rs 255 cr in Shriram City Union Finance
  Shriram City Union Finance Ltd. | 23 Jul 2019 | 02:50 PM
Published on 08-03-2018
Foreign investor East Bridge Capital Master Fund bought 2 per cent stake in non-banking finance company Shriram City Union Finance for Rs 255 crore through open market transactions reported PTI.

According to the bulk deal data available with the NSE East Bridge picked up 13.27 lakh shares amounting to 2.01 stake in the non-banking finance company.

The shares were purchased at an average price of Rs 1922.25 translating into a transaction worth Rs 255.03 crore the data showed.

Among the sellers of the shares was Morgan Stanley Asia (Singapore) which disposed of 13.19 lakh shares or 1.99 per cent stake in Shriram City Union Finance.

The shares were offloaded at a price of Rs 1922.25 apiece valuing the transaction at Rs 253.53 crore.

Shriram City Union Finance shares ended the day on the NSE at Rs 1920 apiece up 0.22 per cent from the previous close.