SBI MF, Morgan Stanley lap up stakes in SBFC Finance as promoters offload
3 promoter entities of SBFC Finance, Arpwood Partners Investment Advisors, Eight45 Services and Arpwood Capital, offloaded 5.6% stake of the lender through a block deal on April 30. The deal earned the promoters Rs 536.5 crore. On the other hand, domestic investor SBI MF along with Morgan Stanley Asia and Custody BoJ, bought 3.8 crore shares of SBFC Finance through transactions worth Rs 330 crore.
01 May 2024 | 11:49 AM