Shares of Five Star Business Finance fell over 5% and reached an intra-day low of Rs 725.10 on 1 September after around 2.48 crore shares, or 8.5% stake of the company, changed hands in two block deals.

The burgers and sellers who are involved in this trade have not been identified. However, On 31 August, media outlet CNBC-TV18 reported that private equity investors Matrix Partners, Norwest Ventures, and TPG Asia are looking to sell up to an 8.8% stake in the company via a block deal.

Five Star Business Finance is one of the fastest-growing company in the segment. It provides secured business loans to self-employed individuals and micro-entrepreneurs and has a strong presence in South India.

In its quarterly report for the April-June quarter, the company logged a 31.8% YoY increase in net profit at Rs 183.7 crore from the Rs 139.4 crore reported in the same quarter during the previous fiscal year.

During the April-June quarter, the company added 75 new branches on a yearly basis and 13 branches on a quarterly basis.

At 2:10 pm, the shares of Five Star Business Finance were trading at Rs 728.95 or 4.79% below its previous close on NSE.