Jhunjhunwala sells Rs 67-cr worth shares in Sterling Holidays

BS Reporter Chennai
Last Updated : Apr 24 2015 | 8:15 PM IST
Investor Rakesh Jhunjhunwala has sold majority of shares held in leisure hospitality and vacation ownership company Sterling Holiday Resorts (India) Ltd, for a cumulative trade price of Rs 67.21 crore.

The investor sold 24,35,500 equity shares in the company for a trade price of Rs 276 per share, through bulk deals in Bombay Stock Exchange. Jhunjhunwala, according to the information on shareholding pattern available with the exchange, has 31,30,000 equity shares, which is 3.48 per cent of the total shares in the company.

ICICI Prudential Mutual Fund has bought 24,20,000 shares at the same time, through bulk deal, which has a cumulative trade price of Rs 66.79 crore.

 

*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

More From This Section

First Published: Apr 24 2015 | 8:06 PM IST

Next Story