Shanthi Gears slumps after Sundaram BNP Paribas MF sells shares

Sundaram BNP Paribas MF sells 5,04,656 shares at Rs 132.24 via bulk deal on NSE

Image
SI Reporter Mumbai
Last Updated : Jan 01 2015 | 12:28 PM IST
Shanti Gears dropped over 6% to Rs 127 after Sundaram BNP Paribas sold over 5 lakh shares of the company through a bulk deal on the National Stock Exchange.

Sundaram BNP Paribas Mutual Fund has sold 5,04,656 shares of Shanthi Gears from its Sundaram Growth Fund at an weighted average price of Rs 132.24 on Wednesday, December 31, 2014, National Stock Exchange said in a release.

The stock opened at Rs 132 and touched a low of Rs 126 on the NSE. At 12:25PM, over 76,000 shares were traded on both the stock exchanges.
*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: Jan 01 2015 | 12:25 PM IST

Next Story