India's Five-Star Business Finance slumps on block deals

Five-Star Business Finance

08/12/2023 04:41

** Shares of non-banking finance co Five-Star Business
Finance  FIVS.NS  down as much as 3.58% to 729.45 rupees    
    ** Stock hits sharpest intraday pct loss since Nov. 28    
    ** Around 22.9 mln shares changed hands in two block deals
in range of 730 rupees-733.8 rupees a share
    ** Buyers and sellers of blocks are not immediately known
    ** Stock logs record busiest trading session; overall 24.2
mln shares changed hands, 86.8x 30-day avg
    ** Investors including Peak XV Partners, TPG and Matrix
Partners are planning to sell part of their stake in FIVS via
block deal, Moneycontrol reported citing sources
    ** The investors and FIVS did not immediately respond to
Reuters' requests for comment 
    ** Stock last down 1.4%, trimming YTD gains to over 20% 


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))