 "A Barclays logo is pictured outside the Barclays towers in Johannesburg. Photo: Reuters")
Barclays Merchant Bank (Singapore) have bought stake in gold finance company Manappuram Finance and in pharmaceutical company Shilpa Medicare for total consideration of Rs 414 crore through open market transaction.
Barclays Merchant Bank (Singapore) has bought 31.74 million equity shares representing 3.77% stake in Manappuram Finance from Barring India Private Equity Fund III Listed Investment Ltd in block deal through National Stock Exchange (NSE) on Tuesday. The shares were acquired for an average price of Rs 97.30 apiece, bringing the transaction value to Rs 309 crore.
As of December 31, 2016, Barring India Private Equity Fund III held
Barclays Merchant Bank (Singapore) has bought 31.74 million equity shares representing 3.77% stake in Manappuram Finance from Barring India Private Equity Fund III Listed Investment Ltd in block deal through National Stock Exchange (NSE) on Tuesday. The shares were acquired for an average price of Rs 97.30 apiece, bringing the transaction value to Rs 309 crore.
As of December 31, 2016, Barring India Private Equity Fund III held
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