{"id":7574,"date":"2021-12-08T20:28:30","date_gmt":"2021-12-08T14:58:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-iifl-finance-2\/"},"modified":"2021-12-09T09:54:15","modified_gmt":"2021-12-09T04:24:15","slug":"biz-iifl-finance-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-iifl-finance-2\/","title":{"rendered":"Fairfax sells IIFL Finance shares worth Rs 180 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2265596135\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 8 (PTI) Canadian billionaire Prem Watsa-backed Fairfax Group on Wednesday offloaded IIFL Finance shares worth over Rs 180 crore through an open market transaction.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3723555387\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>\u00a0 \u00a0 \u00a0According to bulk deal data available with NSE, Hamblin Watsa Investment Counsel (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings, sold\u00a057,76,899 shares of IIFL Finance.\u00a0 \u00a0 \u00a0 \u00a0The shares were offloaded at Rs 312.65 apiece, taking the transaction size to Rs 180.61 crore.<\/p>\n<p>\u00a0 \u00a0 \u00a0However, the buyer(s) of the shares couldn&#8217;t be ascertained immediately.<\/p>\n<p>\u00a0 \u00a0 \u00a0The scrip of IIFL Finance settled 5 per cent lower at Rs 308.40 apiece on NSE.<\/p><div class=\"trade-content_5\" id=\"trade-1103693036\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>\u00a0 \u00a0 \u00a0 \u00a0The transaction comes after\u00a0HWIC Asia Fund\u00a0divested 3.2 per cent stake in IIFL Finance for Rs 365 crore on December 1.<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0As of September 2021, HWIC Asia Fund held 7.48 per cent stake in IIFL Finance and FIH Mauritius Investments, a subsidiary of Fairfax, owned 22.32 per cent stake in the company.\u00a0 \u00a0 \u00a0 IIFL Finance (erstwhile IIFL Holdings) is one of the leading players in the financial services space in india. Together with its subsidiaries &#8212; IIFL Home Finance and Samasta Microfinance &#8212; it provides a diverse range of loans and mortgages.<\/p>\n<p>\u00a0 \u00a0 \u00a0These include home loans, gold loans, business loans including loans against property and medium &#038; small enterprise financing, micro finance, developer &#038; construction finance and capital market finance; catering to both retail and corporate clients. PTI SP\u00a0            RUJ RUJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-207101004\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 8 (PTI) Canadian billionaire Prem Watsa-backed Fairfax Group on Wednesday offloaded IIFL Finance shares worth over Rs 180 crore through an open market transaction. \u00a0 \u00a0 \u00a0According to bulk deal data available with NSE, Hamblin Watsa Investment Counsel (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings, sold\u00a057,76,899 shares of IIFL Finance.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-7574","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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