New Delhi: Dutch pension fund Stichting Pensioenfonds ABP on Friday offloaded stake worth Rs 55 crore in engineering conglomerate Crompton Greaves through open market transactions.
According to the bulk deals data available with the National Stock Exchange (NSE), the fund sold 44,31,926 shares, or a 0.7 per cent stake, in the company for Rs 55.39 crore.
The shares were sold at an average price of Rs 125 per piece. The buyers of the stake sold could not be ascertained.
Earlier this week, the Avantha Group firm posted a consolidated net loss of Rs 107.03 crore for the quarter ended December 31.
The firm had posted a net profit of Rs 274.29 crore for the corresponding period of the last fiscal year.
Total income of the company fell to Rs 2,087.52 crore in the third quarter of 2015-16, from Rs 2,436.42 crore in the corresponding period last fiscal year, the company had said in a filing.
With over 8,000 employees, the company has manufacturing facilities in several countries including Belgium, France, the UK, Canada and the US.
New Delhi: Dutch pension fund Stichting Pensioenfonds ABP on Friday offloaded stake worth Rs 55 crore in engineering conglomerate Crompton Greaves through open market transactions.
According to the bulk deals data available with the National Stock Exchange (NSE), the fund sold 44,31,926 shares, or a 0.7 per cent stake, in the company for Rs 55.39 crore.
The shares were sold at an average price of Rs 125 per piece. The buyers of the stake sold could not be ascertained.
Earlier this week, the Avantha Group firm posted a consolidated net loss of Rs 107.03 crore for the quarter ended December 31.
The firm had posted a net profit of Rs 274.29 crore for the corresponding period of the last fiscal year.
Total income of the company fell to Rs 2,087.52 crore in the third quarter of 2015-16, from Rs 2,436.42 crore in the corresponding period last fiscal year, the company had said in a filing.
With over 8,000 employees, the company has manufacturing facilities in several countries including Belgium, France, the UK, Canada and the US.
New Delhi: Dutch pension fund Stichting Pensioenfonds ABP on Friday offloaded stake worth Rs 55 crore in engineering conglomerate Crompton Greaves through open market transactions.
According to the bulk deals data available with the National Stock Exchange (NSE), the fund sold 44,31,926 shares, or a 0.7 per cent stake, in the company for Rs 55.39 crore.
The shares were sold at an average price of Rs 125 per piece. The buyers of the stake sold could not be ascertained.
Earlier this week, the Avantha Group firm posted a consolidated net loss of Rs 107.03 crore for the quarter ended December 31.
The firm had posted a net profit of Rs 274.29 crore for the corresponding period of the last fiscal year.
Total income of the company fell to Rs 2,087.52 crore in the third quarter of 2015-16, from Rs 2,436.42 crore in the corresponding period last fiscal year, the company had said in a filing.
With over 8,000 employees, the company has manufacturing facilities in several countries including Belgium, France, the UK, Canada and the US.
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