Jhunjhunwala sells Rs 67-cr worth shares in Sterling Holidays

Investor Rakesh Jhunjhunwala has sold majority of shares held in leisure hospitality and vacation ownership company Sterling Holiday Resorts (India) Ltd, for a cumulative trade price of Rs 67.21 crore.

The investor sold 24,35,500 equity shares in the company for a trade price of Rs 276 per share, through bulk deals in Bombay Stock Exchange. Jhunjhunwala, according to the information on shareholding pattern available with the exchange, has 31,30,000 equity shares, which is 3.48 per cent of the total shares in the company.

ICICI Prudential Mutual Fund has bought 24,20,000 shares at the same time, through bulk deal, which has a cumulative trade price of Rs 66.79 crore.