 "MEP Infra extends fall post stake sale by Credit Suisse")
Shares of MEP Infrastructure Developers has dipped 12% to Rs 53.75 on the BSE, extending its previous day’s fall, after Credit Suisse (Singapore) sold more than half of its holding in the company through the open market.
On May 6, Credit Suisse (Singapore) offloaded 1.66 million shares representing 1.02% stake in MEP Infrastructure at a price of Rs 62.71 per share, the BSE bulk deal data shows.
Credit Suisse (Singapore) held 3.25 million shares or 1.93% stake in MEP Infrastructure, the shareholding pattern data shows.
On Wednesday, the stock listed at par against its issue price of Rs 63 per share, finally closed at Rs 60.95 on the BSE.
The stock opened at Rs 58.50 and has hit a low of Rs 49.20 so far. Till 1137 hours, a combined 3.55 million shares changed hands on the counter on the BSE and NSE.
On May 6, Credit Suisse (Singapore) offloaded 1.66 million shares representing 1.02% stake in MEP Infrastructure at a price of Rs 62.71 per share, the BSE bulk deal data shows.
Credit Suisse (Singapore) held 3.25 million shares or 1.93% stake in MEP Infrastructure, the shareholding pattern data shows.
On Wednesday, the stock listed at par against its issue price of Rs 63 per share, finally closed at Rs 60.95 on the BSE.
The stock opened at Rs 58.50 and has hit a low of Rs 49.20 so far. Till 1137 hours, a combined 3.55 million shares changed hands on the counter on the BSE and NSE.
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