You are here: Home » Companies » News
Business Standard

Edelweiss group firm buys 3% stake in Techno Electric & Engineering Co

Ecap picked up 3500 thousand shares, amounting to 3.11 per cent stake in the engineering firm

Topics
Edelweiss Group  |  Nse

Press Trust of India  |  New Delhi 

Edelweiss

firm Ecap Equities on Tuesday bought over 3 per cent stake in Techno Electric & Engineering Company for Rs 970 million, through open market transactions.

Ecap picked up 3500 thousand shares, amounting to 3.11 per cent stake in the engineering firm, according to the bulk deal data available with the

Of the 3.5 million shares, 2 million were purchased at an average price of Rs 279.11, while 1.5 million were bought at a price of Rs 277.47 a piece.
 

The combined value of the two transactions stood at Rs 974 million.

Among the sellers of the shares was J P Financial Services.

Techno Electric & Engineering Company's stock ended 9.41 per cent down on the at Rs 258.

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: Wed, August 08 2018. 00:13 IST
RECOMMENDED FOR YOU
.