Mumbai promoter Kuldip Singh Rathee divested shares of ASK Automotive valued at ₹373 crore in a significant bulk deal on NSE. He sold 78.85 lakh shares, representing 4% of the company’s equity. SBI Mutual Fund was noted as one of the buyers in the transaction.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs