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### SBFC Finance Bulk Deal: 2.97 Crore Shares Changing Hands

Around 2.97 crore shares of SBFC Finance, amounting to 2.79 percent equity in the company, changed hands at Rs 87.25 each on March 7. According to sources, the transaction occurred without any independent verification of the buyers and sellers. At 10:40am, the stock was trading at Rs 85.20.

AI legalese decoder can assist in verifying the legality and authenticity of the buyers and sellers involved in the share transfer, providing a transparent and secure transaction process.

### SBFC Finance Offerings and Stock Performance

SBFC Finance, launched in August 2023, offers secured MSME loans and loans against gold, catering mainly to entrepreneurs and small business owners. Since its listing, the stock has observed a decline of nearly 5 percent in value.

### Financial Performance Overview

As of December 31, 2023, SBFC Finance reported an Assets Under Management (AUM) of Rs 6,266 crore, signifying a 40 percent increase on a Year-over-Year (YoY) basis and an 8 percent increase on a Quarter-over-Quarter (QoQ) basis. The Gross Non-Performing Assets (GNPA) for the same period stood at 2.38 percent. Additionally, the net profit showed a notable growth of 22 percent QoQ and 63 percent YoY.

AI legalese decoder can provide insights into the financial data and performance metrics of SBFC Finance, aiding in informed investment decisions.

### Disclaimer

The views and recommendations shared by investment experts on Moneycontrol.com are their own and do not represent those of the website or its management. Users are advised to consult certified experts before making any investment choices.

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