Two portfolio investors of GMM Pfaudler Ltd. sold stakes worth Rs 557.3 crore through open market transactions on Wednesday. The buyers included Infinity Partners.
The two investors, Atreides Investments BV and Geranium Investments Ltd., divested 0.92% and 8.25%, respectively, according to the block deal data on the NSE. Foreign portfolio investor Atreides sold 4.12 lakh shares and Geranium offloaded 37.1 lakh shares at Rs 1,352 apiece.
As of June, Geranium held an 8.25% stake in the chemical processing company. Infinity Partners bought a 9.17% stake.
ADVERTISEMENT
Shares of GMM Pfaudler closed 3.27% higher at Rs 1,401.75 apiece on the NSE, compared to a 0.14% advance in the benchmark Nifty.
WRITTEN BY
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
Tata Capital IPO Allotment Status To Be Out Soon! Here's How You Can Check Status Online
NSE Aggressive To Regain Lost Market Share From BSE, Says Goldman Sachs
BMW Ventures Share Price Hits Lower Circuit After Lacklustre Listing
Pace Digitek Share Price Makes Muted Debut After IPO
POPULAR
1
Central Railway operates 705 Festival Special Trains; Over 10.6 Lakh Passengers Ferried
2
OpenAI Takes On Google With AI-Powered ChatGPT Atlas Browser
3
All Potholes In Bengaluru Must Be Filled In A Week: CM Siddaramaiah
4
Festive Season Wraps Up With 24% E-Commerce Order Volume Surge; Q-Comm Shines
5