A US-based investor is likely to sell shares worth ?830 crore in a housing finance company through open-market transactions on Thursday, according to a term sheet issued by the bankers.
Two investment entities plan to sell 1.08 crore shares, representing 4.16% of the company’s total equity. One of the entities is expected to sell shares worth ?420 crore, while the other plans to sell shares worth ?410 crore.
Earlier, two overseas investment entities had divested a 4.46% stake for ?843 crore through open-market transactions.
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