Sundaram Finance soars on offloading its entire shareholding in Credit Information Bureau

Sundaram Finance is currently trading at Rs. 802.00, up by 26.15 points or 3.37% from its previous closing of Rs. 775.85 on the BSE. The scrip opened at Rs. 785.80 and has touched a high and low of Rs. 809.00 and Rs. 782.05 respectively. So far 3402 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 805.00 on 20-May-2014 and a 52 week low of Rs. 463.10 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 805.00 and Rs. 732.10 respectively. The current market cap of the company is Rs. 8921.08 crore. The promoters holding in the company stood at 36.07% while Institutions and Non-Institutions held 12.78% and 51.16% respectively. Sundaram Finance has sold its entire holdings of 625,000 equity shares of Rs 10 each in Credit Information Bureau (India) to Trans Union International, Inc, USA, after completion of all statutory formalities. Recently, the company’s IT subsidiary - Sundaram Infotech Solutions has bagged three large IT and ERP deals in West Asia.