Ideal Toll and Infra and Dattatrey Mhaiskar sold about 1.2 crore shares in IRB Infra at an average price of Rs123 through open market
Mumbai: Two promoter entities of construction company IRB Infrastructure Developers have offloaded around 1.2 crore shares of the company for more than Rs147 crore through open market transactions, reports PTI.
Ideal Toll & Infrastructure, which held 1.06 crore shares or 3.19% stake in the construction company at the end of June quarter, sold 81.15 lakh shares, according to bulk deal data available with the stock exchanges.
In addition, Dattatray Pandurang Mhaiskar - who held 94.78 lakh shares amounting to 2.85% holding in IRB Infrastructure as of June quarter - offloaded 38.84 lakh shares on the NSE. Mhaiskar also sold 47.98 lakh scrips on the BSE.
The shares were sold at an average price of Rs123, valuing the deal at Rs 147.60 crore.
HSBC Global Investment Fund A/C Indian Equity Fund, has acquired 35.39 lakh shares of IRB Infrastructure for Rs43.53 crore.
At 12.37pm Friday IRB Infrastructure was trading 2.5% higher at Rs1216.2 on the BSE, while the benchmark Sensex was also up 2% at 18398.
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