Marshall Wace sells shares of One97 Comm, Shriram Finance for Rs 419 crore

UK-based hedge fund Marshall Wace on Friday sold shares of One97 Communications and Shriram Finance for a combined value of Rs 419 crore through open market transactions.

Marshall Wace, through its arm Marshall Wace Investment Strategies – Eureka Fund, offloaded shares of One97 Communications, owner of Paytm brand, and Shriram Finance Ltd through separate block deals on the National Stock Exchange (NSE).