SG Finserv shares rise nearly 20% after top investor Madhu Kela's bulk stake purchase

SG Finserv shares rise nearly 20% after top investor Madhu Kela's bulk stake purchase

SG Finserve is an NBFC offering financing solutions to dealers, distributors, retailers, buyers, suppliers, and transporters, among others of Indian corporates.

Madhusudan Kela Buys 1.7% Stake In SG Finserve In Bulk Deal

Veteran investor Madhusudan Murlidhar Kela acquired 9.51 lakh shares, or a 1.7% stake, in SG Finserve Ltd. at Rs 350.01 per share in a bulk deal on the BSE on Monday. Meanwhile, Dinesh Pareekh sold 3 lakh shares, representing a 0.53% stake, at Rs 350 per share.SG Finserve is a tech-enabled, Reserve Bank of India-registered non-banking financial company that provides business financing solutions to channel partners such as dealers, distributors, …