Nexus Venture Partners sells 5.97% stake in India Shelter Fin for Rs 482 Cr

Quick Summary:

US-based Nexus Venture Partners, through its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, offloaded 64 lakh shares, amounting to a 5.97% stake in India Shelter Finance Corporation through two separate bulk deals on the BSE.

VC firm Nexus Venture Partners first backed India Shelter in 2012.

Shares of India Shelter Finance Corporation plunged 7.81% to close at Rs 730 apiece on the BSE.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Lakh Venture Shelter Shares Partners Crore Finance Corporation Nexus India Stake

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 05:33:43 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 15 words per sentence (average)

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News ID: 22560106

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