BF Utilities is locked in lower circuit of 10% at Rs 464 on the BSE after promoter of the company sold over 100,000 equity shares worth of Rs 6.5 crore of the company through open market.
Kalyani Investment Company, a promoter group company, has offloaded 117,626 shares of BF Utilities between March 6 and March 11, according to information filed by the company on the stock exchanges. However, the buyer of the shares could not be ascertained.
On March 6, Kalyani Investment Company has sold 21,000 shares at Rs 577.75 per share and on March 7, it has sold 16,164 shares at Rs 548.44 a piece on the BSE and NSE.
On March 10, the finance company has sold 34,462 shares at Rs 539.41 per share and March 11, the firm sold another 46,000 shares at Rs 552.38 a piece, a data shows.
At 1125 hours, a combined 185,729 shares changed hands on the counter and there are pending sell orders for 15,465 shares on the BSE and NSE.
Meanwhile, shares of electric utilities company has almost dipped 31% from its 52-week high of Rs 670 touched on January 13, 2014 against 2.35% rise in benchmark S&P BSE Sensex during the period.
Kalyani Investment Company, a promoter group company, has offloaded 117,626 shares of BF Utilities between March 6 and March 11, according to information filed by the company on the stock exchanges. However, the buyer of the shares could not be ascertained.
On March 6, Kalyani Investment Company has sold 21,000 shares at Rs 577.75 per share and on March 7, it has sold 16,164 shares at Rs 548.44 a piece on the BSE and NSE.
On March 10, the finance company has sold 34,462 shares at Rs 539.41 per share and March 11, the firm sold another 46,000 shares at Rs 552.38 a piece, a data shows.
At 1125 hours, a combined 185,729 shares changed hands on the counter and there are pending sell orders for 15,465 shares on the BSE and NSE.
Meanwhile, shares of electric utilities company has almost dipped 31% from its 52-week high of Rs 670 touched on January 13, 2014 against 2.35% rise in benchmark S&P BSE Sensex during the period.
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