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Saudi-based Balsharaf Group's officials sell stake in KRBL

Press Trust of India  |  New Delhi 

Saudi Arabia-based Balsharaf Group's top officials today sold nearly 3 per cent stake in exporter Ltd for Rs 386 crore, through open market market transactions.

Among the buyers of the shares were funds of Indian- American

According to the bulk deal data available with BSE, Omar Ali Obeid Balsharaf and Balsharaf together offloaded 65 lakh shares or 2.76 per cent stake in The two officials sold 32.50 lakh shares each.

The shares were disposed of at an average price of Rs 594, valuing the transaction at Rs 386.10 crore, the data showed.

Balsharaf's website mentions Balsharaf as the and Balsharaf as the

purchased 64.18 lakh shares of for Rs 381.26 crore.

KRBL stock ended the day on BSE at Rs 599.30, up 1.51 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: Mon, February 12 2018. 21:25 IST