ALSO READHimatsingka Seide gains after ratings upgrade Board of Himatsingka Seide approves investment in Himatsingka Energy Himatsingka Seide appoints Ashutosh Halbe as interim CFO Himatsingka Seide net profit up 12% in Q1 at Rs 51 cr Himatsingka Seide standalone net profit rises 9.67% in the June 2017 quarter
A promoter of textile firm Himatsingka Seide today sold 1.17 per cent stake in the company for over Rs 38 crore through an open market transaction. According to bulk deal data of the BSE, Leela Devi Himatsingka, a promoter of Himatsingka Seide, disposed of 11,55,350 shares, amounting to 1.17 per cent stake, in the textile firm. The shares were offloaded at an average price of Rs 332 per share, valuing the transaction at Rs 38.36 crore, the data showed. As of the September quarter, Leela Devi Himatsingka held 23,22,786 shares of the firm, representing 2.36 per cent stake in the company. Merrill Lynch India Equities Fund (Mauritius) bought 13,76,602 shares of the company for Rs 45.70 crore. The stock ended the day on the BSE at Rs 332.85, up 1.03 per cent from the previous close.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)