Bengaluru, April 30 -- The shares of the financial service provider fell up to 4 percent after the company's promoter sold 6 crore shares, representing a 5.6 percent worth Rs 536.50 crore.

With a market capitalization of Rs 9,528.50 crore, the shares of SBFC Finance Ltd were trading at Rs 88.70 per share, increasing around 3.10 percent as compared to the previous closing price of Rs 91.54 apiece.

As of March 2024, the promoter holds 65.13 crore equity shares equivalent to 60.66 percent of the company, however, the company's promoter sold 6 crore shares, representing 5.6 percent of the company, SBFC Finance, aiming to earn Rs 536.50 crore from the transaction, Moneycontrol reported.

Looking into SBFC Finance Ltd's performance, revenue i...