Delta Corp falls 8%, hits over two-year low after FPIs sell stake

Smaller Cap World Fund Inc, yesterday, sold 1.59 million equity shares of Delta Corp at a price of Rs 144 per share.

Shares of Delta Corp hit an over two-year low of Rs 141 per share, down 8 per cent intra-day on the National Stock Exchange (NSE) on Thursday, after foreign portfolio investors (FPIs) offloaded about 1 percentage point stake in the company through open market.

The stock was trading at its lowest level since May 23, 2017, when it hit a low of Rs 139 apiece on the NSE in intra-day deals.

Yesterday, Smaller Cap World Fund Inc reduced its stake in Delta Corp by 0.59 per cent, selling 1.59 million equity shares for Rs 23 crore at an