MIT Exits SBFC Finance; Ola Electric Promoter Sells Shares, SBI MF Buys Pearl Global

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Moneycontrol•16-12-2025, 21:29
MIT Exits SBFC Finance; Ola Electric Promoter Sells Shares, SBI MF Buys Pearl Global
- •Massachusetts Institute of Technology (MIT) fully exited SBFC Finance, selling 1.25% stake for Rs 143.37 crore.
- •Ola Electric promoter Bhavish Aggarwal sold 0.59% stake (Rs 91.87 crore) to repay a Rs 260 crore loan, releasing pledged shares.
- •Tata AIA Life Insurance and Aranda Investments acquired shares in SBFC Finance from MIT.
- •SBI Mutual Fund bought 1.43% stake in Pearl Global Industries for Rs 105.68 crore.
- •Karnataka Bank saw B Sumanthkumar Reddy buy 0.5% stake, while Gallantt Industry acquired shares in Gallantt Ispat.
Why It Matters: Major institutional and promoter share movements across SBFC Finance, Ola Electric, Pearl Global.
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