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Himatsingka Seide promoter sells 1.17% stake for Rs 38 crore

Press Trust of India  |  New Delhi 

A promoter of textile firm today sold 1.17 per cent stake in the company for over Rs 38 crore through an open market

According to bulk deal data of the BSE, Himatsingka, a promoter of Himatsingka Seide, disposed of 11,55,350 shares, amounting to 1.17 per cent stake, in the textile firm.

The were offloaded at an average price of Rs 332 per share, valuing the at Rs 38.36 crore, the data showed.

As of the September quarter, Himatsingka held 23,22,786 of the firm, representing 2.36 per cent stake in the company.

Merrill Lynch Equities Fund (Mauritius) bought 13,76,602 of the company for Rs 45.70 crore.

The stock ended the day on the at Rs 332.85, up 1.03 per cent from the previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 18:50 IST