Swiss-Asia Holding Pte, through its affiliate Griffin Growth Fund VCC, has exited its position in Aditya Birla Fashion and Retail Ltd (ABFRL), selling its entire 1.03% stake for Rs 207 crore. The transaction was conducted on the National Stock Exchange (NSE) via an open market operation.
The block deal saw Griffin Growth Fund VCC offloading a total of 97,33,098 shares at an average price of Rs 212.50 each. This resulted in a total deal size of Rs 206.82 crore. Cresta Fund Ltd emerged as the buyer, acquiring these shares at the same rate.
Following the transaction, ABFRL's share price experienced a slight downturn of 1.21%, closing at Rs 211.60 on the NSE. Prior to this transaction, according to BSE shareholding data, Swiss-Asia held a 1.03% stake in ABFRL at the conclusion of the September quarter.
This move marks Swiss-Asia's complete divestment from ABFRL, a significant shift in its investment portfolio.
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