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Private equity major Apax Partners offloads 2.14% in Shriram Finance

Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at Rs 1,300 apiece

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Prior to the stake sale, Apax held 4.63 per cent stake in the Chennai-based firm

BS Reporter
Private equity major Apax Partners on Friday offloaded 2.14 per cent stake in non-bank lender Shriram Finance via block deals.

Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at Rs 1,300 apiece for a total of Rs 1,040 crore.

Prior to the stake sale, Apax held 4.63 per cent stake in the Chennai-based firm.

FID Funds picked up shares worth Rs 862 crore. ICICI Prudential Life, Norges Bank, and Societe Generale were among the other buyers block deal