According to information available with the stock exchanges, Vontobel Fund sold 5.97 lakh shares and 4.10 lakh shares of the non-banking finance company on the NSE and BSE respectively.
The shares were offloaded on an average price of Rs 1,265 valuing the transaction at Rs 127.41 crore.
The buyers of the shares could not be ascertained immediately.
Vontobel Fund is run by Vontobel Asset Management Inc.
Yesterday, Norwest Venture Partners offloaded 2.78 per cent stake in the SCUF for an estimated Rs 206.25 crore.
Shares of Shriram City Union Finance today rose by 1.94 per cent to close at Rs 1,264.20 apiece on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%