India's Satin Creditcare falls on SBI Emerging Asia fund's exit

Satin Creditcare Network

17/07/2023 06:46

** Shares of Satin Creditcare Network  SATR.NS  fall as much
as 5.34% to a one-month low of 175.50 rupees
    ** Slide after SBI Emerging Asia Financial Sector Fund Pte
exited company by selling 2.07% stake (1.9 million shares) via
open market transaction on Friday, at 190.65 rupees per share
    ** The microfinance services' provider's stock seeing most
active trading session ever with 1.95 mln shares changing hands
as of 11:10 a.m. IST, more than twice the 30-day avg - Refinitiv
data
    ** Stock up 13% in 2023 so far compared to 8% rise in Nifty
50 index  .NSEI 
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com ; +91 9769003463))