 "Gulf Oil Corporation soars after huge block deals")
Shares of Gulf Oil Corporation has soared 17% to Rs 165 on the Bombay Stock Exchange (BSE) after a huge block deal executed on the counter.
At 0919 hours, about 29.7 million equity shares representing 60% of total equity of Gulf Oil Corporation have changed hands at price of Rs 157 per share, BSE data shows.
The name of the buyers and sellers are not immediately known.
Gulf Oil Internationl (Mauritius) Inc, the promoter of the Gulf Oil Corporation holds 59.95% in the company as on December 31, 2014, the shareholding pattern data shows.
The stock opened at Rs 148 and hit a high of Rs 169 on BSE so far.
At 0919 hours, about 29.7 million equity shares representing 60% of total equity of Gulf Oil Corporation have changed hands at price of Rs 157 per share, BSE data shows.
The name of the buyers and sellers are not immediately known.
Gulf Oil Internationl (Mauritius) Inc, the promoter of the Gulf Oil Corporation holds 59.95% in the company as on December 31, 2014, the shareholding pattern data shows.
The stock opened at Rs 148 and hit a high of Rs 169 on BSE so far.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%