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Sipadan, Integrated Core sell IDFC Bank shares worth Rs 690 cr

Press Trust of India  |  New Delhi 

Sipadan Investments (Mauritius) Ltd and Integrated Core Strategies today offloaded a total of over 10 crore of for an estimated Rs 690 crore through open market transactions.

Sipadan, an arm of Malaysian sovereign wealth fund Khazanah Nasional Berhad, sold 8.04 crore of Bank, while Integrated Core Strategies Pte Ltd offloaded 2.04 crore of the bank, as per bulk deal data available with the stock exchanges.

The were sold on an average price of Rs 68.34 valuing the at Rs 689.96 crore.

Currently, Sipadan owns 9.06 crore shares, or 2.67 per cent, in

Meanwhile, Swiss Corporation picked up 4.64 crore shares of the for Rs 316.57 crore.

The bank's stock ended at Rs 68.60 on BSE, down 3.45 per cent, from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 20:43 IST