Bengaluru, March 20 -- The shares of this small cap NBFC, engaged in providing secured MSME loans and gold loans came into focus on Thursday after the promoter sold over 1.25 percent stake in the company for Rs 112 crore.

Stock Performance

With a market capitalization of Rs 9,090.90 crore, SBFC Finance Ltd fell over 1 percent and made an intraday low of Rs 83.61 per share compared to its previous closing price of Rs 84.52 per share. The shares reiterated from the day's low and were trading atRs 83 which is a slight decrease compared to the previous close.

What Happened

Promoter SBFC Holdings Pte. Ltd. sold over 1 crore equity shares that represent a 1.25 percent stake in the company on March 19. These shares were sold at an average of...