Top gainer: Divi’s Laboratories Limited 4,881▲ 158 (+3.3%)
Top loser: UltraTech Cement Limited 11,198 ▼ 150 (-1.3%)
HG Infra Engineering promoters offload over 17.96 lakh shares of the firm through block deals
According to data on BSE, Girishpal Singh Family Trust and Harendra Singh Family Trust sold the shares to a group of mutual funds that include Aditya Birla Sun Life Mutual Fund, ITI Mutual Fund, Societe Generale, Sundaram Mutual Fund, Bandhan Mutual Fund and Tata Mutual Fund. The sale happened at a price of ₹1,566.50 per scrip, implying the stake sale was worth over ₹281 crore. Read more
GE T&D India hits 5% lower circuit as promoters consider minority stake sale
GE T&D India Ltd shares hit 5% lower circuit on Wednesday, August 21, as promoters are considering offloading a minority stake in the power sector company. In a stock exchange notification issued after market hours on Tuesday, GE T&D India said that its promoters GE Grid Alliance B.V. (formerly Alstom Grid Holding B.V) and Grid Equipments Pvt Ltd are evaluating the possibility of selling a minority stake in the company. Read more
PNB Housing Finance soars over 8% after General Atlantic offloads stake in the firm
Shares of PNB Housing Finance soared over 8% on Wednesday after CNBC-TV18 reported that over 1.3 crore shares of the firm were traded through block deals on the BSE. According to the media report, General Atlantic Singapore Fund FII Pte was to offload shares at a floor price of ₹775 per scrip – representing a 4.4% discount to the firm’s closing price of about ₹810 on Tuesday. Read more