Govt of Singapore buys Muthoot Finance shares for Rs 60.35 cr

Jul 31 2014, 21:37 IST
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SummaryGovernment of Singapore today picked up about 35 lakh shares of Muthoot Finance for an estimated...

Government of Singapore today picked up about 35 lakh shares of Muthoot Finance for an estimated amount of Rs 60.35 crore through the open market route.

A total of 34,98,931 shares of Muthoot Finance Ltd were purchased by Government of Singapore, bulk deal information available with the stock exchanges showed.

Muthoot Finance shares were acquired at an average price of Rs 172.5 a piece amounting the transaction to Rs 60.35 crore.

In a separate transaction, Matrix Partners India Investments offloaded 48.5 lakh shares of Muthoot Finance for an estimated around Rs 83.70 crore.

At end of June-quarter, Government of Singapore held 1.18 per cent stake in Muthoot Finance while Matrix had an 1.42 per cent holding in the company.

Shares of Muthoot Finance today closed at Rs 173.25 apiece, down 0.69 per cent on the BSE.

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