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Two individuals offload Poonawalla Fincorp shares worth Rs 120 cr

According to block deal data available with the BSE, Sanjay Chamria and Mayank Poddar sold 27,06,350 shares each at an average price of Rs 222 apiece, taking the transaction size to Rs 120.16 crore.

Topics
shares | BSE | Magma Fincorp

Press Trust of India  |  New Delhi 

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

Two individuals on Wednesday offloaded of Poonawalla Fincorp Ltd worth Rs 120 crore through open market transactions.

According to block deal data available with the BSE, Sanjay Chamria and Mayank Poddar sold 27,06,350 each at an average price of Rs 222 apiece, taking the transaction size to Rs 120.16 crore.

Chamria served as the vice-chairman and managing director of (now known as Poonawalla Fincorp Ltd), while Mayank Poddar served as the chairman emeritus of the company.

Celica Ventures and Microfirm Capital Pvt Ltd picked up the at the same price.

Shares of Poonawalla Fincorp closed 0.44 per cent higher at Rs 226.10 on .

Last week, Chamria and Poddar disposed of 26,25,000 and 26,23,581 shares of the company.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, June 22 2022. 22:47 IST
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