Sipadan, Integrated Core sell IDFC Bank shares worth Rs 690 cr

Sipadan Investments (Mauritius) Ltd and Integrated Core Strategies Asia today offloaded a total of over 10 crore shares of IDFC Bank for an estimated Rs 690 crore through open market transactions.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Nov 30, 2016, 09.15 PM | Source: PTI

Sipadan, Integrated Core sell IDFC Bank shares worth Rs 690 cr

Sipadan Investments (Mauritius) Ltd and Integrated Core Strategies Asia today offloaded a total of over 10 crore shares of IDFC Bank for an estimated Rs 690 crore through open market transactions.

Like this story, share it with millions of investors on M3

Sipadan, Integrated Core sell IDFC Bank shares worth Rs 690 cr

Sipadan Investments (Mauritius) Ltd and Integrated Core Strategies Asia today offloaded a total of over 10 crore shares of IDFC Bank for an estimated Rs 690 crore through open market transactions.

Post Your Comments

Share Cancel

| 1 Comments
Sipadan, Integrated Core sell IDFC Bank shares worth Rs 690 cr
Sipadan Investments (Mauritius) Ltd and Integrated Core Strategies Asia today offloaded a total of over 10 crore shares of IDFC Bank for an estimated Rs 690 crore through open market transactions.

Sipadan, an arm of Malaysian sovereign wealth fund Khazanah Nasional Berhad, sold 8.04 crore shares of IDFC Bank, while Integrated Core Strategies Asia Pte Ltd offloaded 2.04 crore of the bank, as per bulk deal data available with the stock exchanges.

The shares were sold on an average price of Rs 68.34 valuing the transaction at Rs 689.96 crore.

Currently, Sipadan owns 9.06 crore shares, or 2.67 per cent, in IDFC Bank.

Meanwhile, Swiss Finance Corporation picked up 4.64 crore shares of the bank for Rs 316.57 crore.

The bank's stock ended at Rs 68.60 on BSE, down 3.45 per cent, from its previous close.

Buy, Hold, Sell ? Hear it first on M3
Sipadan, Integrated Core sell IDFC Bank shares worth Rs 690 cr

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login