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Shares of Castex Technologies (formerly Amtek India) were locked in lower circuit for fourth straight day down 5% at Rs 295 on the BSE, after the stock rallied more than 100% in less than a month.
Till 02:42 PM, a combined 1,881 shares changed hands and there were pending sell orders for 18.13 million shares on the BSE and NSE.
Since June 17, the stock of auto parts & equipment makers had rallied 109% from Rs 173 to Rs 362 on July 13, after the company clarified that no foreign currency convertible bonds (FCCB's) have matured for repayment & there are no defaults on any FCCB's issued by the company.
On July 14, Deutsche Bank AG had sold 2.4 million shares of Castex Technologies at price of Rs 343.80 through block deal, the BSE data shows.
Merrill Lynch Capital Markets Espana SA SV bought 2.4 million shares at the same price, data shows.
Till 02:42 PM, a combined 1,881 shares changed hands and there were pending sell orders for 18.13 million shares on the BSE and NSE.
Since June 17, the stock of auto parts & equipment makers had rallied 109% from Rs 173 to Rs 362 on July 13, after the company clarified that no foreign currency convertible bonds (FCCB's) have matured for repayment & there are no defaults on any FCCB's issued by the company.
On July 14, Deutsche Bank AG had sold 2.4 million shares of Castex Technologies at price of Rs 343.80 through block deal, the BSE data shows.
Merrill Lynch Capital Markets Espana SA SV bought 2.4 million shares at the same price, data shows.
