BlackRock has trimmed its stake in engineering and farm equipment maker Escorts by selling 4.41 lakh shares worth around Rs 22.7 crore through a market transaction.
As per a regulatory filing, BlackRock Inc, which had 3.20 per cent stake earlier, brought down its shareholding in the company to 2.84 per cent by selling shares on September 19, 2019.
Based on the weighted average price of Escorts' stock at Rs 514.50 apiece on September 19, 2019, the transaction is estimated at Rs 22.7 crore.
Shares of Escorts were trading 4.51 per cent lower at Rs 606 apiece on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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