Star Housing Sells Akme Fintrade Stake, Price Not Disclosed

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AuthorAnanya Iyer|Published at:
Star Housing Sells Akme Fintrade Stake, Price Not Disclosed
Overview

Star Housing Finance Limited has completely exited its 0.51% stake in Akme Fintrade (India) Ltd. The company sold its 21,82,200 shares on March 30, 2026, through the open market. The sale price was not disclosed, leaving the financial details of the transaction private.

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Star Housing Exits Akme Fintrade Stake; Sale Price Kept Private

Star Housing Finance Limited has fully exited its investment in Akme Fintrade (India) Ltd, selling its entire 0.51% stake. The company offloaded 21,82,200 shares on March 30, 2026, through the open market.

On April 1, 2026, Star Housing Finance filed paperwork confirming the complete divestment. Notably, the filing did not reveal the sale price or the total proceeds from the transaction, leaving the financial outcome of the sale private.

Akme Fintrade is a Non-Banking Financial Company (NBFC) that provides loans to micro, small, and medium enterprises (MSMEs) and finances vehicles in North India. Star Housing Finance, meanwhile, is a Housing Finance Company (HFC) focused on home loans and property-related financial products.

The exit means Star Housing Finance holds no further shares in Akme Fintrade, altering the latter's shareholder composition. While Star Housing Finance may have gained liquidity, the undisclosed sale price prevents an assessment of any profit or loss on the investment.

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