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Vakrangee extends fall on FPI selling

On Monday, February 19, New World Fund Inc (10.6 million equity shares) and Smallcap World Fund Inc (5.3 million shares) had collectively sold 15.9 million shares of Vakrangee for Rs 4,033 million.

Vakrangee extends fall on FPI selling
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SI Reporter Mumbai
Varkangee is locked in lower circuit for the second straight day, down 5% at Rs 221 on the National Stock Exchange (NSE) in early morning trade, after the foreign portfolio investors (FPIs) sold equity shares of the company through open market.

Till 09:37 am; a combined 5.5 million shares changed hands on the counter and there were pending sell orders for 585,768 shares on the NSE and BSE.

On Monday, February 19, 2018, New World Fund Inc (10.6 million equity shares) and Smallcap World Fund Inc (5.3 million shares) had collectively sold 15.9 million shares of Vakrangee for