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Individual sells 3.3% stake in Best Agrolife worth Rs 98 cr via open market

An individual on Tuesday sold 3.3 per cent stake in Best Agrolife Ltd for over Rs 98 crore through open market transactions

stocks | Stake sale

Press Trust of India  |  New Delhi 

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

An individual on Tuesday sold 3.3 per cent stake in Best Agrolife Ltd for over Rs 98 crore through open market transactions.

Raj Kumar offloaded 5,25,000 shares on the NSE and 2,75,000 shares on the BSE, amounting to 3.38 per cent stake in the company, as per the bulk deal data available with the two exchanges.

The shares were disposed of at an average price of Rs 1,240.9 apiece on NSE and Rs 1,210.68 per scrip on BSE, taking the combined transaction value to Rs 98.44 crore.

Quant Mutual Fund picked up 5 lakh shares of the company on both NSE and BSE. Other buyers were not identified.

As of June quarter, Raj Kumar held a 16.57 per cent stake in the company, shareholding data with the bourses showed.

Shares of Best Agrolife closed 3.21 per cent higher at Rs 1,249 on NSE and 4.05 per cent up at Rs 1,249.90 on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, September 20 2022. 22:09 IST