 "SBI MF reduces stake in McDowell Holdings by 3%")
SBI Mutual Fund, which had 8.77 per cent earlier, brought down its shareholding in the company to 5.77 per cent, McDowell Holdings said in a filing to BSE.
SBI MF sold 4.22 lakh shares of the company on July 8 and based on the closing stock price of Rs 33.75, the transaction is estimated to have been valued at Rs 1.41 crore.
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McDowell Holdings is a UB Group firm.
The company's stock was trading at Rs 32.10 on BSE, down 0.62 per cent.
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