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Five Star Finance Share Price: Non-banking finance company Five-Star Business Finance raised Rs. 1,863 crore sold 2.55 crore shares. The sale of shares was made by Northwest Venture Partners X Mauritius, Matrix Partners India Investment Holdings II LLC and TPG Asia VII SF Pte.
According to the data, it sold a total of 2.55 crore shares of five-star business finance in four phases.
Let us tell you that these shares are worth Rs. 730-730.62, bringing the combined transaction value to Rs. 1,862.86 crores. Meanwhile, HDFC Mutual Fund bought 41.19 lakh shares of five-star business finance at Rs. 730 at an average price of Rs. 300.71 crores.
Big drop in shares: Shares of Five-Star Business Finance fell 5.89 percent on the BSE on Friday to Rs. closed at 727.80. During the trading, the share price reached the level of Rs 725. The market cap of the company is Rs. 21,210.93 crores. Let it be known that the IPO of Five Star Business Finance Company came in November 2022. Its issue price was fixed at Rs 474. Its listing in the stock market was poor but later the shares also gained momentum.