SBFC Finance bulk deal: 2.97 crore shares change hands, stock down 7%

SBFC Finance, which was listed in August 2023 offers secured MSME loans and loans against gold, with a majority of the borrowers being entrepreneurs and small business owners.

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Around 2.97 crore shares of SBFC Finance, amounting to 2.79 percent equity in the company, changed hands at Rs 87.25 each on March 7. Moneycontrol could not independently verify the buyers and sellers. At 10:40am, the stock was trading at Rs 85.20.

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SBFC Finance, which was listed in August 2023 offers secured MSME loans and loans against gold, with a majority of the borrowers being entrepreneurs and small business owners.  Since listing, the stock has fallen nearly 5 percent.

Also read: Strong Listing | SBFC Finance closes with 62% premium on debut

The AUM as of December 31, 2023 was Rs 6,266 crore, 40 percent higher on a YoY basis and 8 percent higher on a QoQ basis. GNPA for the same period was 2.38 percent as of December 2023. While the net profit was Rs 64 crore, a 22 percent QoQ  growth and 63 percent growth on YoY basis.

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