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SBFC Holdings Pte, a promoter of SBFC Finance, has sold a 1.3% stake in the non-banking financial company (NBFC) for ₹112 crore through an open market transaction on Wednesday. According to bulk deal data on the NSE, SBFC Holdings offloaded 1.36 crore shares at an average price of ₹82 per share, amounting to a total transaction value of ₹111.72 crore.
Impact on SBFC Holdings’ Shareholding
- Pre-Sale Shareholding: 54.75%
- Post-Sale Shareholding: 53.49%
Following this transaction, SBFC Holdings’ total shareholding in SBFC Finance has reduced to 53.49% from 54.75%.
Stock Market Reaction
Despite the stake sale, SBFC Finance shares closed 0.57% higher at ₹84.64 per share on the NSE, indicating investor confidence in the company’s long-term prospects.
Separate Bulk Deal – Mahindra Lifespace Developers
In another notable bulk deal on the NSE, Goldman Sachs, through its investment arm, sold 8.44 lakh shares of Mahindra Lifespace Developers for ₹28 crore.
Deal Details:
- Shares Sold: 8.44 lakh
- Average Selling Price: ₹330.31 per share
- Total Deal Size: ₹27.89 crore
- Buyer Details: Not disclosed on the exchange
Key Takeaways
- SBFC Holdings offloaded a 1.3% stake in SBFC Finance for ₹112 crore, bringing its total shareholding to 53.49%.
- Despite the stake sale, SBFC Finance’s stock closed higher at ₹84.64, reflecting market stability.
- Goldman Sachs also offloaded Mahindra Lifespace shares worth ₹28 crore in a separate bulk deal.
- Details of the buyers in both transactions remain undisclosed.
Conclusion
The SBFC Finance stake sale highlights a shift in promoter holdings but does not seem to have negatively impacted investor sentiment. Similarly, the Mahindra Lifespace bulk deal by Goldman Sachs is another significant transaction in the real estate sector. Investors will closely monitor future shareholding patterns and market movements for both companies.
Stay updated for more insights into stock market transactions and investment trends.
