Kotak Mahindra (International) Ltd, which had 9.43 per cent stake earlier, brought down its shareholding in the company to 3.88 per cent on May 18, V-Mart Retail said in a filing to the BSE.
Based on the weighted average price of V-Mart Retail's stock on May 18, the transaction is estimated to be Rs 50.69 crore.
V-Mart Retail stock closed at Rs 515 apiece on BSE.
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