{"id":7809,"date":"2021-12-09T20:56:23","date_gmt":"2021-12-09T15:26:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-nse-iifl-finance\/"},"modified":"2021-12-10T10:01:38","modified_gmt":"2021-12-10T04:31:38","slug":"biz-nse-iifl-finance","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-nse-iifl-finance\/","title":{"rendered":"Fairfax Financial Holdings affiliate sells IIFL Finance shares worth Rs 313 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1352682640\"><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 9 (PTI) An affiliate of Fairfax Financial Holdings on Thursday offloaded shares worth nearly Rs 313 crore in IIFL Finance through an open market transaction.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-899564882\"><!-- 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>According to bulk deal data available with the NSE, Hamblin Watsa Investment Counsel (HWIC) Asia Fund sold over 1.04 crore shares of IIFL Finance at an average price of Rs 300.17 apiece.<\/p>\n<p>The transaction took the total transaction size to Rs 312.79 crore.<\/p>\n<p>Through another transaction, Smallcap World Fund Inc picked up 35.61 lakh shares of IIFL Finance at Rs 300 apiece, translating into a deal value of Rs 106.85 crore.<\/p><div class=\"trade-content_5\" id=\"trade-1808444636\"><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>Before this, the fund offloaded IIFL Finance&#8217;s shares worth Rs 365 crore, while Smallcap had purchased shares worth Rs 300 crore on December 1.<\/p>\n<p>As of September 2021, HWIC Asia Fund held 7.48 per cent shares in IIFL Finance, FIH Mauritius Investments, a subsidiary of Fairfax, owned 22.32 per cent, while Smallcap World Fund Inc had 1.61 per cent shareholding in the company.<\/p>\n<p>On NSE, shares of IIFL Finance Ltd on Thursday settled at Rs 307.95, down 0.15 per cent from the previous close. PTI SRS  BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-2033458500\"><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 9 (PTI) An affiliate of Fairfax Financial Holdings on Thursday offloaded shares worth nearly Rs 313 crore in IIFL Finance through an open market transaction. According to bulk deal data available with the NSE, Hamblin Watsa Investment Counsel (HWIC) Asia Fund sold over 1.04 crore shares of IIFL Finance at an average [&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-7809","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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fairfax Financial Holdings affiliate sells IIFL Finance shares worth Rs 313 crore - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-nse-iifl-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fairfax Financial Holdings affiliate sells IIFL Finance shares worth Rs 313 crore\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 9 (PTI) An affiliate of Fairfax Financial Holdings on Thursday offloaded shares worth nearly Rs 313 crore in IIFL Finance through an open market transaction. 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