Vanguard Group offloads Bharat Financial's shares worth Rs 298 crore
3rd Jul 2019

Vanguard Group has offloaded Bharat Financial Inclusion’s shares worth Rs 298 crore through open market transactions. The Vanguard Group is an American investment management company.

Vanguard Emerging Markets held 17,55,391 shares or 1.25 percent stake in Bharat Financial at the end of March quarter, while Vanguard Total Intl held 1.15 percent stake or 16,16,267 shares.

Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company's mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.