Sundaram Finance completes acquisition of 6.84% stake in Flometallic

The company acquired 650 equity shares of Rs1 lakh each at a total consideration of ~Rs12.50cr.

Apr 30, 2021 04:04 IST India Infoline News Service

Sundaram Finance Holdings Limited has completed the acquisition of 650 equity shares of Rs1 lakh each, representing 6.84% in Flometallic India Private Limited, from the individual shareholders of that company, at a total consideration of ~Rs12.50cr (excluding stamp duty).

Sundaram Finance Ltd trade on Friday ended at Rs2,479.05 per piece down by Rs32.95 or 1.31% from its previous closing of Rs2,512 per piece on the BSE.

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