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(PTI) US-based hedge fund Route One Fund I LP on Tuesday divested a 1.54 per cent stake in IndusInd Bank for ₹1,401 crore through an open market transaction.

Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per cent stake in the company, as per the data available with the National Stock Exchange (NSE).

The shares were disposed of at an average price of ₹1,168.26 apiece, taking the transaction value to ₹1,401.91 crore.

Meanwhile, Goldman Sachs Investment (Mauritius) I Ltd picked up over 69 lakh shares of the company.

As of the June quarter, Route One Fund I LP held a 2.75 per cent stake in the company, shareholding data showed with the bourse.

Shares of IndusInd Bank closed 3.76 per cent lower at ₹1,164.80 on NSE.&nbsp;

IndusInd Bank: Route One Fund sells 1.54% stake in the bank for ₹1,401 crore

Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per cent stake in IndusInd Bank, as per the data available with the National Stock Exchange (NSE).

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IndusInd Bank: Route One Fund sells 1.54% stake in the bank for ₹1,401 crore

Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per cent stake in IndusInd Bank, as per the data available with the National Stock Exchange (NSE).

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