Route One Fund I, LP today bought 0.88 per cent stake in Bharat Financial Inclusion for nearly Rs 99 crore, through an open market transaction.
Bharat Financial Inclusion, formerly known as known as SKS Microfinance, is a for-profit NBFC-MFI (non-banking financial company-micro finance institution) regulated by the Reserve Bank of India.
As per the bulk deal data available on the NSE, Route One purchased 12.21 lakh shares amounting to 0.88 per cent stake of NBFC-MFI.
The seller(s) of the shares could not be ascertained immediately.
Shares of Bharat Financial Inclusion today ended at Rs 810 on the NSE, up 1.55 per cent from the previous close.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)