Baring India on February 4 divested stake worth over Rs 721 crore in Manappuram Finance Ltd through open market transactions. Baring India Private Equity Fund II and Baring India Private Equity Fund III offloaded a total of 4,14,60,136 shares at an average price of Rs 174 apiece. Among the buyers were Key Square Master Fund II LP, Copthall Mauritius Investment Ltd and Societe Generale, that bought a total of 2.26 crore shares at similar price, valuing the total deal amount at Rs 394.11 crore.
Baring India offloads Manappuram Finance shares worth over Rs 721cr
Date posted: Monday 10 February 2020