US-based The Capital Group buys 2.08% stake in IIFL Finance; CDC Group exits partially

The transaction was executed in a block deal on Wednesday in which existing investor CDC Group, which has been invested in IIFL Finance since last 6 years sold part of its investments. CDC Group sold 14 million shares which were bought by The Capital Group and Sunil Singhania’s Abakkus Emerging Opportunities Fund, said sources.

from Banking/Finance-Industry-Economic Times https://ift.tt/3x2swW5