Mumbai: Private equity firm Blackstone on Tuesday sold 15 million shares (or 11.03%) in Tanla Platforms for ₹587 crore in an open market transactions. According to bulk deal data on BSE, Banyan Investments Ltd sold 15 million shares (or 11.03%) of Tanla Platforms for ₹391.30 apiece aggregating to ₹586.95 crore. As per the latest shareholding pattern, Banyan Investments Ltd holds 16.17% stake in the firm. Amansa Investments Ltd, American Funds Insurance Series A/c International Fund bought 3% and 6.32% stake in Tanla Platforms Ltd for ₹160 crore and ₹337 crore, respectively. Tanla Platforms Ltd reported a net profit for the second quarter ended September 2020 at ₹81.5 crore as against a net loss of ₹47.01 crore for the corresponding quarter of the previous year.

Source: Mint November 17, 2020 16:18 UTC