The transaction was executed in a block deal on Wednesday in which existing investor CDC Group, which has been invested in IIFL Finance since last 6 years sold part of its investments. CDC Group sold 14 million shares which were bought by The Capital Group and Sunil Singhania’s Abakkus Emerging Opportunities Fund, said sources.source https://economictimes.indiatimes.com/industry/banking/finance/us-based-the-capital-group-buys-2-08-stake-in-iifl-finance-cdc-group-exits-partially/articleshow/83989575.cms
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