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Madhusudan Kela Buys 1.7% Stake In SG Finserve In Bulk Deal
Veteran investor Madhusudan Murlidhar Kela acquired 9.51 lakh shares, or a 1.7% stake, in SG Finserve Ltd. at Rs 350.01 per share in a bulk deal on the BSE on Monday. Meanwhile, Dinesh Pareekh sold 3 lakh shares, representing a 0.53% stake, at Rs 350 per share. SG Finserve is a tech-enabled, Reserve Bank of India-registered non-banking financial company that provides business financing solutions to channel partners such as dealers, distributors, retailers, buyers, suppliers, and transporters.