Multiples makes partial exit from South Indian Bank
India's Multiples Alternate Asset Management has made a partial exit from locally-listed South Indian Bank (SIB), selling one fifth of its stake for around INR428 million ($8 million).
According to a stock market disclosure, Multiples sold 14.5 million shares as part of a bulk trade that saw Pabrai Investment Fund (PIF) buy a total of 19.6 million shares for INR32.5 apiece. Multiples...
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