India: CDC Group sells 3.7% stake in IIFL Finance for $45m

India: CDC Group sells 3.7% stake in IIFL Finance for $45m

Photo by Josh Appel on Unsplash

CDC Group Plc, the development finance institution owned by the UK government, on Wednesday sold 14 million shares or 3.7% stake in IIFL Finance Ltd for around Rs337 crore through an open market transaction.

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