Peak XV Partners and other private equity investors are likely to sell up to 20% stake in Five Star Business Finance Ltd through block deal, reported CNBC-TV18 citing sources on September 25.
The block deal size could be close to $500 million, the channel reported.
On September 25, Five Star Business Finance's shares closed 5.1 percent higher at Rs 812.2 apiece. The 52-week high of Five Star Business Finance stock is Rs 862.75 and 52-week low is Rs 600.05.
As of June quarter, Peak XV Partners held 6.25 percent stake in the non-banking financial company (NBFC), showed exchange data.
In December 2023, TPG Asia VII SF Pte, Matrix Partners India Investment Holdings II LLC, and Peak XV Partners Investments V sold the shares of Five Star Business Finance for Rs 1,656 crore through open market transactions.
In September 2023, Norwest Venture Partners X Mauritius, Matrix Partners India Investment Holdings II LLC, and TPG Asia VII SF Pte offloaded 2.55 crore shares of Five Star Business Finance for Rs 1,863 crore through open market transactions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
