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.
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