CDC Group Plc, the event finance establishment owned by the UK authorities, on Friday divested a 3.56 per cent stake in IIFL Finance Ltd for Rs 453 crore via an open market transaction.

In keeping with the majority deal knowledge out there with the Nationwide Inventory Change (NSE), CDC Group Plc bought 1,35,01,587 shares of the corporate.

The shares have been disposed of at a median worth of Rs 335.64 apiece, valuing the transaction at Rs 453.16 crore.

In the meantime, Morgan Stanley Asia Singapore Pte picked up the shares of the corporate.

As of the June quarter, CDC Group plc, which is likely one of the public shareholders of IIFL Finance, owned 1.35 crore shares, amounting to a 3.56 per cent stake within the firm, the shareholding sample confirmed.

Shares of IIFL Finance closed 5.62 per cent decrease at Rs 331.50 on NSE.

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