Prudential Management Services today offloaded over 47.84 lakh shares of Mahindra CIE Automotive for nearly Rs 123.5 crore through an open market transaction.
The immediate buyer of the shares could not be ascertained immediately.
According to the bulk deal data available with the BSE, Mumbai-based Prudential Management sold 47,84,068 shares. The shares were disposed of at an average price of Rs 258 valuing the transaction at Rs 123.43 crore, the data showed.
Mahindra CIE shares ended 4.85 per cent higher at Rs 258.30 apiece on the BSE today. Mahindra CIE is a multi-technology automotive supplier.
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