Aditya Birla up on stake sale plan in financial arm
BS Reporter / Mumbai Aug 14, 2009, 16:14 IST
Aditya Birla Nuvo finally settled at Rs 928, up 1.5%. The stock touched a high of Rs 948 and a low of Rs 918, during the day. The counter clocked a volume of 100,065 shares as against its two-week average trade quantity of 74,194 shares.
______________________________________________________________ (Updated 1244 hrs)
The stock opened at Rs 936 and slipped to a low of Rs 918. It surged 3.5% to touch a high of Rs 948. The stock has pared some of its gains and is currently trading at Rs 930 - up 1.5%. Over 74,540 shares have been traded on the BSE so far.
The company is in talks with global private equity players Blackstone, Carlyle and KKR to sell shareholdings in its proposed holdings firm. The financial services holding company will house its asset management, insurance, stock broking, wealth management and private equity businesses.
Content Guide
