The hedge fund sold 1.4 million shares at 2684.3 apiece. BNP Paribas Financial Markets was a buyer in the deal. Shares of Shriram Finance gained 1.75% to close at 2,731.3 on Friday and are up 17.8% in the last one month.
Proposal to let FPIs loose, rate cut hopes fuel bond market rally
Anticipation of aggressive rate cuts and relaxed FPI regulations spurred a bond market rally, driving the 10-year G-Sec yield below 6.30%. Sebi’s proposed easier KYC