Mandhana Industries locked lower circuit for 18 straight trading sessions
On July 13, IFCI, ECL Finance and Kotak had collectively offloaded 24.87 lakh shares of Mandhna via bulk deals.
 "A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)")
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
Mandhna Industries was locked in lower circuit for 18 straight trading sessions, down 5% at Rs 66.90, also its record low on the BSE.
In past 18 trading sessions, the stock tanked 75% from Rs 278 on June 17, as compared to 5% rise in the S&P BSE Sensex.
On Wednesday, July 13, IFCI, ECL Finance and Kotak had collectively offloaded 24.87 lakh equity shares representing 7.5% of total equity of Mandhna Industries for Rs 17.50 crore via bulk deals.
ECL Finance sold 15.53 lakh shares of Mandhna Industries at Rs 70.38 per share on the NSE, while ECL Finance sold 2 lakh shares of the company at Rs 70.40 per share on the BSE.
IFCI sold a total 5 lakh shares of Mandhana Industries at an average price of Rs 70.38 per share in a bulk deals on the BSE and NSE. Kotak Mahindra (International) Ltd A/C Premier Investment sold 2.34 lakh shares of the company at Rs 70.35 per share on the NSE.
Till 02:55 PM, a combined 66,201 shares changed hands and there were pending sell orders for 9.06 million shares on the BSE and NSE.
In past 18 trading sessions, the stock tanked 75% from Rs 278 on June 17, as compared to 5% rise in the S&P BSE Sensex.
On Wednesday, July 13, IFCI, ECL Finance and Kotak had collectively offloaded 24.87 lakh equity shares representing 7.5% of total equity of Mandhna Industries for Rs 17.50 crore via bulk deals.
ECL Finance sold 15.53 lakh shares of Mandhna Industries at Rs 70.38 per share on the NSE, while ECL Finance sold 2 lakh shares of the company at Rs 70.40 per share on the BSE.
IFCI sold a total 5 lakh shares of Mandhana Industries at an average price of Rs 70.38 per share in a bulk deals on the BSE and NSE. Kotak Mahindra (International) Ltd A/C Premier Investment sold 2.34 lakh shares of the company at Rs 70.35 per share on the NSE.
Till 02:55 PM, a combined 66,201 shares changed hands and there were pending sell orders for 9.06 million shares on the BSE and NSE.
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First Published: Jul 14 2016 | 2:59 PM IST