"IFCI has sold 1,93,72,020 equity shares representing 24 per cent of the stake in TFCI at an average price of Rs 150.03 today," IFCI said in a regulatory filing.
Sources said Redkite Capital and Thomas have picked up the stake through block deals.
Redkite is a New Delhi-based NBFC focused on the wholesale lending, while Thomas has an experience of over 30 years in banking with stints at Japanese lender Shinsei Bank and Wall Street major Citigroup.
Earlier in May, the long-term infrastructure lender had announced that it would be selling its entire 26.09 per cent stake in TFCI.
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Institutions, including mutual funds, foreign portfolio investors, non-institutions, NBFCs, NRIs and corporate bodies own the rest 60.93 per cent in the company, showed the BSE data.
Stock of IFCI closed 0.44 per cent up at Rs 23 on BSE. TFCI ended 2.17 per cent down at Rs 142.05.
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