Gokaldas Exports, majority owned by US private equity giant Blackstone group, has rallied 13% to Rs 101 on back of huge volumes.
As many as a combined 1.1 million shares or 3.2 % of its equity have changed hands on the counter till 1025 hours, compared to average 200,000 shares traded in past two weeks.
The stock zoomed almost 17% to Rs 104 after opening flat at Rs 89.15 on the National Stock Exchange (NSE).
Earlier this month, Blackstone Group announced that it is exiting its biggest India-focused close-ended mutual fund scheme: India Fund Inc. The company will transfer the management of the fund to Aberdeen Asset Management Asia. The deal awaits stockholders’ approval on November 16.
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