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Escorts' promoter sells 3% stake for Rs 252 crore

Press Trust of India  |  New Delhi 

A promoter entity of today sold nearly 3 per cent stake in farm equipment and engineering major for over Rs 252 crore, through an open market

According to the bulk deal data available with BSE, Escorts Benefit and Welfare offloaded 36 lakh shares, amounting to 2.94 per cent stake in the company.


The were disposed of at an average price of Rs 701.15 apiece, valuing the at Rs 252.41 crore, the data showed.

Among the buyers was Emerging Markets Equity Fund, which bought over 23 lakh for Rs 165.62 crore.

As on September quarter, 'Sutanu Behuria Trustee of Escorts Benefit and Welfare Trust' -- a promoter of Escorts Ltd -- held 3,73,00,031 of the firm, representing 30.43 per cent stake in the company.

At the end of today's trading session, the stock of was quoted on at Rs 688.90, down 3.92 per cent from the previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 01 2017. 20:10 IST
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