AI Legalese Decoder: Revolutionizing Capital Group’s Shriram Finance’s Share Offloading worth Rs 884 crore
- September 6, 2023
- Posted by: legaleseblogger
- Category: Related News
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Capital Group Sells Shriram Finance Shares on BSE
Capital Group, a US-based financial services company, has recently completed open market transactions to offload shares of NBFC Shriram Finance on the Bombay Stock Exchange (BSE) for Rs 884 crore. These transactions were executed through Capital Group’s investment vehicles, namely SmallCap World Fund Inc and New World Fund Inc.
The bulk deal data available with the BSE reveals that SmallCap World Fund Inc sold 20,26,102 shares, while New World Fund Inc disposed of 26,77,660 shares of Shriram Finance in two tranches. The shares were sold at an average price of Rs 1,880.28, resulting in a combined transaction value of Rs 884.43 crore.
The AI legalese decoder can play a significant role in analyzing and interpreting the intricate legal language and details involved in such transactions. By utilizing artificial intelligence and natural language processing capabilities, the AI legalese decoder can efficiently process and extract the relevant information from legal documents, saving time and effort for legal professionals.
Unfortunately, the details of the buyers are not currently available. Meanwhile, the shares of Shriram Finance experienced a decline of 1.64%, closing at Rs 1,880.70 per share on the BSE.
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