You are here: Home » Companies » News
Business Standard

APL Apollo Tubes promoter sells company's shares worth Rs 289 crore

APL Infrastructure Pvt Ltd on Tuesday offloaded 30 lakh shares of APL Apollo Tubes worth a little over Rs 289 crore through an open market transaction

Topics
APL Apollo Tubes | Promoter stake | stock market trading

Press Trust of India  |  New Delhi 

APL Apollo Tubes' Hosur (Tamil Nadu) facility
APL Apollo Tubes' Hosur (Tamil Nadu) facility

APL Infrastructure Pvt Ltd on Tuesday offloaded 30 lakh shares of worth a little over Rs 289 crore through an open market transaction.

As per bulk deal data available on BSE, 30 lakh shares of were sold by APL Infrastructure at an average price of Rs 965.15 apiece. This took the total deal value to Rs 289.54 crore.

In a separate transaction, 8.59 lakh shares of APL Apollo were purchased by Smallcap World Fund Inc at an average price of Rs 965 per scrip.

According to the company's latest shareholding pattern, APL Infrastructure held 34.86 per cent stake in as a promoter.

On Tuesday, shares of APL Apollo settled 2.17 per cent lower at Rs 956.25 apiece on the BSE.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 16 2021. 20:18 IST
RECOMMENDED FOR YOU