Business Standard

Mahindra Satyam gains 2% on share purchase by ADAG

SI Reporter  |  Mumbai 

is trading higher by 2% at Rs 71.95 after Anil Dhirubhai Ambani Group (ADAG) bought 13 million shares of the IT firm for total consideration of Rs 87 crore through bulk deals on Monday.

Trustee Company, a subsidiary of ADAG's Ltd, purchased 12.96 million shares at an average market price Rs 67.50 per share via bulk deal, according to data available on stock exchanges. However, the sellers of the shares could not be ascertained.

As many as 4.77 million shares have already changed hands on the counter on morning deals, against an average around 7 million shares that were traded daily in past two weeks on the and BSE.

RECOMMENDED FOR YOU

Mahindra Satyam gains 2% on share purchase by ADAG

Mahindra Satyam is trading higher by 2% at Rs 71.95 after Anil Dhirubhai Ambani Group (ADAG) bought 13 million shares of the IT firm for total consideration of Rs 87 crore through bulk deals on Monday.

is trading higher by 2% at Rs 71.95 after Anil Dhirubhai Ambani Group (ADAG) bought 13 million shares of the IT firm for total consideration of Rs 87 crore through bulk deals on Monday.

Trustee Company, a subsidiary of ADAG's Ltd, purchased 12.96 million shares at an average market price Rs 67.50 per share via bulk deal, according to data available on stock exchanges. However, the sellers of the shares could not be ascertained.

As many as 4.77 million shares have already changed hands on the counter on morning deals, against an average around 7 million shares that were traded daily in past two weeks on the and BSE.

image
Business Standard
177 22

Mahindra Satyam gains 2% on share purchase by ADAG

is trading higher by 2% at Rs 71.95 after Anil Dhirubhai Ambani Group (ADAG) bought 13 million shares of the IT firm for total consideration of Rs 87 crore through bulk deals on Monday.

Trustee Company, a subsidiary of ADAG's Ltd, purchased 12.96 million shares at an average market price Rs 67.50 per share via bulk deal, according to data available on stock exchanges. However, the sellers of the shares could not be ascertained.

As many as 4.77 million shares have already changed hands on the counter on morning deals, against an average around 7 million shares that were traded daily in past two weeks on the and BSE.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard