US-based instructional establishment Massachusetts Institute of Expertise (MIT) has bought Rs 149.5 crore price of fairness shares in Shriram Metropolis Union Finance Ltd (SCUF), which was acquired by ABG Capital.
In keeping with the majority deal information with the Nationwide Inventory Change on Wednesday, Massachusetts Institute of Expertise has bought 8,37,307 shares within the firm for Rs 1,786 per share. It has been holding 8,46,543 fairness shares as on September 30, 2014, which was round 1.28% of the overall shares within the firm. Earlier stories recommend that the instgitute has acquired 5,99,943 shares in SCUF for Rs 984 per share, aggregating to Rs 59 crore, throughout July, 2013.
Through the time, IIFL has bought round 4.80 lakh shares of SCUF for Rs 47.23 crore.
The shares have been picked up by the US-based investor ABG Capital with investments into numerous expertise associated companies. It has purchased 8,37,307 shares within the firm for Rs 1,786 per share.
It might be famous that the corporate is thought for attracting investements from numerous main buyers and its shareholders embrace TPG India Investments Inc, which holds 20.37% share, Piramal Enterprises, which acquired round 9.98% of the overall shares, Bessemer Enterprise Companions Belief, which holds 3.34% of shares, Norwest Enterprise Companions which has 3.30% and Morgan Stanley Asia (Singapore), which has 2.11% of the shares within the firm.
In addition to, Matthews India Fund holds 2.01% shares, Steadview Capital Mauritius holds 1.71%, Financial institution Muscat SAOG has 1.59%, Acacia Companions owns 1.52%, Wasatch Rising Markets Small Cap Fund holds 1.25%, SBI Rising Enterprise Fund 1.06% and Acacia Institutional Companions LP 1% of the totals shares within the firm as on September 30, 2014, based on information accessible with BSE. The twenty eight-year outdated Shriram Metropolis, a deposit-accepting NBFC which is part of the Rs 90,000 Crore Shriram Group, gives a number of mortgage merchandise to small enterprise homeowners and for buying property corresponding to two wheelers, business autos, passenger autos, client durables and houses. It additionally gives loans towards gold ornaments and for private consumption.
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