SBFC falls 4% after its promoter sold 6 Cr shares worth ₹536.50 Cr

SBFC Finance Ltd declined by up to 4 percent following the sale of 6 crore shares by the company's promoter, amounting to 5.6 percent of the company's stake.The promoter aims to earn ₹ 536.50 crore from the transaction. SBFC Finance Limited provides secured loans for micro-small and medium-sized companies(MSME) and loans against gold.