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Route One Fund buys stake in Bharat Financial for Rs 99 cr

Press Trust of India  |  New Delhi 

Route One Fund I, LP today bought 0.88 per cent stake in Financial Inclusion for nearly Rs 99 crore, through an open market

Financial Inclusion, formerly known as known as SKS Microfinance, is a for-profit NBFC-MFI (non-financial company-micro institution) regulated by the Reserve of

As per the bulk deal data available on the NSE, Route One purchased 12.21 lakh amounting to 0.88 per cent stake of NBFC-MFI.

The were acquired at an average price of Rs 809.14, valuing the at Rs 98.85 crore, as per the data.

The seller(s) of the could not be ascertained immediately.

Shares of 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.)

First Published: Mon, May 15 2017. 21:42 IST