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Private lender IDFC Bank has picked up a 5% stake in financial services major IIFL Holdings for over Rs 502 crore through an open market transaction. The shares were offloaded by Copthall Mauritius Investment. According to bulk deal data available with the BSE, IDFC Bank purchased 15,853,000 shares, amounting to 4.99% stake, of IIFL Holdings. The shares were purchased on average price of Rs 317 valuing the transaction at Rs 502.54 crore.

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