INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Indian-American businessman Mohnish Pabrai's fund has sold close to 3 per cent stake in Repco Home Finance through an open
market transaction for an estimated sum of Rs 60 crore.
According to a regulatory filing, Pabrai Investment Funds II and persons acting in
concert, which held 7.16 per cent stake in Repco Home Finance earlier, sold 17.85 lakh shares representing 2.85 per cent of equity
stake.
The shares were sold on November 29 and, based on the weighted average price of the stock at Rs 335.73, the transaction is estimated
at Rs 59.94 crore.
Post the sale, stake of Pabrai Investment Funds II and persons acting in concert in Repco Home Finance stands at 4.31 per
cent.
A unit of government-promoted cooperative Repco Bank, Repco Home Finance is engaged in the business of providing loans for purchase or
construction of residential house.
Stocks of the company were trading 0.38 per cent lower at Rs 362.60 apiece on BSE
