Eight Roads Management Mauritius I Ltd and Bluewater Investment Ltd on Friday sold shares worth nearly Rs 613 crore in Laurus Labs Ltd through open market transactions.
As per bulk deal data on BSE, Eight Roads Management Mauritius I sold over 53.3 lakh shares at an average price of Rs 446.07 apiece, taking the deal value to Rs 237.81 crore.
In a separate transaction, Bluewater Investment offloaded 85 lakh scrips at the rate of Rs 441.26 per scrip, with the deal value standing at Rs 375.07 crore.
According to the shareholding data for March 2020 quarter, Bluewater Investment is a public shareholder in Laurus Labs and held 19.63 per cent stake in the firm.
Shares of Laurus Labs ended at Rs 440.5 apiece on the BSE on Friday, down 9.88 per cent.
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