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IFC sells shares of AU Small Finance Bank worth Rs 201 crore

Press Trust of India  |  New Delhi 

arm Corporation (IFC) today sold 32 lakh shares of for Rs 201.6 crores through an open market transaction.

However, the buyer of the shares could not be ascertained immediately.

According to bulk deal data available with the BSE, Corporation FDI AC offloaded a total of 32,00,000 shares, amounting to 1.12 per cent stake of AU

At the end of March quarter held 7.95 per cent stake in the company.

AU Bank today slumped by 2 per cent to end at Rs 634.05.

The bank made its stock market debut last year after existing investors sold a part of their stake in the company.

It received licence from the RBI to set up a small finance bank in December 2016 and commenced its operations from April 2017.

In an another bulk deal, sold 21,96,577 shares of for Rs 154.72 crore.

The shares were purchased by Jasmine Capital Investments Pte Ltd.

Shares were sold at an average price of Rs 704.35, the data showed.

Besides, sold nearly 39.5 lakh shares of for Rs 103.62 crore and the shares were bought by Jasmine Capital Investments Pte Ltd.

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

First Published: Fri, July 13 2018. 20:45 IST