SmallCap World Fund offloads 1.6% stake in Aavas Financiers for Rs 173 cr

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SmallCap World fund on Wednesday sold a 1.6 per cent stake in Aavas Financiers for Rs 173 crore through an open market transaction.

According to bulk deal data available with BSE, SmallCap World Fund Inc offloaded more than 12.84 thousand shares, equivalent to 1.6 percent of shares of Aavas Financiers.

The shares were sold at an average price of Rs 1,349.94 per lot, taking the deal value to Rs 173.43 crore.

After the latest deal, SmallCap World Fund’s contribution was reduced to 6.39 percent from 7.99 percent at the end of March.

Buyers details cannot be confirmed.

Shares of Aavas Financiers closed on a flat note at Rs 1,351 apiece on BSE.

(Only the title and image for this report may have been reworked by the Business Standard staff; the rest of the content is generated automatically from a shared feed.)

First published: June 14, 2023 | 11:48 p.m ist