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IndusInd Bank sells 2.86% stake in Nippon MF
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IndusInd Bank sold shares of Nippon Life India Asset Management on Wednesday through block deals valued at ₹795 crore.
According to BSE Block deal data, the transaction involved the sale of 1.79 crore shares, representing a 2.86% stake in the asset management company, at ₹445.35 per share.
Some of the buyers in this transaction were SBI Mutual Fund and ICICI Prudential Mutual Fund.
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