A promoter entity of Escorts Ltd today sold nearly 3 per cent stake in farm equipment and engineering major for over Rs 252 crore, through an open market transaction.
According to the bulk deal data available with BSE, Escorts Benefit and Welfare Trust offloaded 36 lakh shares, amounting to 2.94 per cent stake in the company.
Among the buyers was Emerging Markets Equity Fund, which bought over 23 lakh shares for Rs 165.62 crore.
As on September quarter, 'Sutanu Behuria Trustee of Escorts Benefit and Welfare Trust' -- a promoter of Escorts Ltd -- held 3,73,00,031 shares of the firm, representing 30.43 per cent stake in the company.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)