DEG sells Equitas Holdings shares for Rs 222 cr

Germany-based private equity firm DEG today sold over 1.45 crore shares of financial services provider Equitas Holdings for more than Rs 222 crore through open market transaction.
DEG sold 1,45,64,471 shares, amounting to 4.3 per cent stake of Equitas Holdings, as per the bulk deal data available with BSE.
The shares were offloaded on an average price of Rs 153, valuing the transaction at Rs 222.83 crore, data showed.
Cinnamon Capital bought 1,45,34,858 shares of Equitas Holdings for Rs 222.38 crore, according to data.
DEG, part of KfW Group, promotes business initiative in developing and emerging market countries. It finances direct investments in partner countries.

The shares of Equitas Holdings ended the day on BSE at Rs 146.70, down 2.94 per cent from the previous close.