Singapore FII stake in Future Ventures rises over 5%

The value of the stake comes to about Rs 83 crore

Singapore-based foreign institutional investor (FII) Arisaig Partners today said it's shareholding in Kishore Biyani-promoted venture capital firm Future Ventures has crossed 5% mark.

Arisaig bought 0.82% stake in the company in an open market transaction recently. The value of the 5.03% stake it holds in the company comes to around Rs 83 crore. The company's stock ended the day at Rs 10.49, which was 2.54% higher than Wednesday's close.