According to bulk deal data available with the BSE, Religare Finvest has sold 65,66,654 shares (about 12 per cent stake) of ABG Shipyard at a price of Rs 199.04, translating the transaction at Rs 130.70 crore.
Strategic Credit Capital has bought these shares at the same price.
Religare Finvest has 49,30,872 shares or 9.16 per cent stake in ABG, as per the company's March quarter shareholding pattern.
ABG Shipyard's net loss had widened to Rs 901 crore last fiscal as against Rs 222 crore in 2013-14.
Shares of ABG ended the day 1.80 per cent lower at Rs 193.15 on the BSE.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%