Credit Suisse today offloaded 72 lakh shares of Gujarat Pipavav Port worth more than Rs 124 crore through the open market route.
Most of the shares sold, were purchased by Kotak Mahindra (International) Limited.
According to bulk deal data available with the National Stock Exchange, Credit Suisse (Singapore) sold 72 lakh shares of Gujarat Pipavav Port at an average price of Rs 173.06 valuing the transaction at Rs 124.60 crore.
On August 17, Credit Suisse (Singapore) had sold 66.5 lakh shares of Gujarat Pipavav Port at an average price of Rs 196.80.
During April-June quarter, Gujarat Pipavav reported a flat net profit of Rs 80.42 crore. Besides, the company posted a net sale of Rs 172.87 crore during the quarter as against Rs 155.81 crore in the year-ago period.
Shares of the company today closed at Rs 178.30 apiece on BSE, down 1.52 per cent.
