Stocks
Van Gogh sells Shriram City Union shares worth Rs190 crore

Van Gogh, which held 66.25 lakh shares in Shriram City Union has sold about 25 lakh shares at Rs771 per share

Mumbai: Van Gogh Ltd, one of the shareholders of Shriram City Union Finance, has offloaded about 25 lakh shares of the non-banking finance company (NBFC) for a little over Rs190 crore, reports PTI.

 

According to bulk data available with the stock exchanges, Van Gogh, which held 66.25 lakh shares or 12.64% stake in Shriram City Union Finance at the end of June quarter, today sold 24.69 lakh shares of the company.

 

The shares were sold on an average price of Rs771.03 valuing the deal at Rs190.36 crore.

 

Meanwhile, Vontobel Funds Inc acquired 24.46 lakh shares of the NBFC firm for Rs188.63 crore.

 

Last month, Van Gogh had sold substantial shares of Shriram City Union Finance through open market transactions on the stock exchanges.

 

Van Gogh offloaded 13.91 lakh shares and 22.89 lakh scrips of the the NBFC firm on 26th and 27th September, respectively.

User

5 Ways to Charge up your resume

The human resource manager will take 30 seconds to evaluate your resumé. Irshad Ahmed Khan...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Axis Bank, Tata AIG in marketing alliance

The partnership between Axis Bank and Tata AIG will offer insurance policies for motor, health, travel, home in retail, and liability and property in the commercial segments

 
Mumbai: Axis Bank has said it has appointed Tata AIG General Insurance as its corporate agent for selling products, reports PTI.
 
Axis Bank and the Tata Group's general insurance unit have signed a strategic agreement under which the latter will offer a range of solutions to the customers of the country's third largest private lender, a statement said.
 
The partnership will offer insurance policies for motor, health, travel, home in retail, and liability and property in the commercial segments, it said.
 
The products will be sold through the bank's network comprising 1,674 branches and 10,337 ATMs, it added.
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)