Financial services company Swiss-Asia Holding on Wednesday offloaded its entire 1.03 per cent stake in Aditya Birla Fashion and Retail (ABFRL) for Rs 207 crore through an open market transaction, according to media reports.
Swiss-Asia through its affiliate Griffin Growth Fund VCC sold the shares of ABFRL on the NSE.
According to the block deal data available with the National Stock Exchange (NSE), Griffin Growth Fund VCC disposed of 97,33,098 shares, amounting to a 1.03 per cent stake, in ABFRL. The shares were sold at an average price of Rs 212.50 a piece, taking the deal size to Rs 206.82 crore.
At the end of the September quarter, Swiss-Asia Holding’s affiliate Griffin Growth Fund VCC owned a 1.03 per cent stake in ABFRL, according to shareholding data from the Bombay Stock Exchange (BSE).
US-based Cresta Fund also acquired shares at the same price. After the stake sale, shares of Aditya Birla Fashion and Retail dropped 1.21 per cent and closed at Rs 211.60 per scrip on the NSE. In January of this year, Ananya Birla and Aryaman Vikram Birla were appointed as directors on the board of ABFRL.
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