Bombay Dyeing & Manufacturing Company chairman Nusli Wadia today offloaded more than 19.26
lakh shares of the textile company for over Rs 12 crore through an open market transaction.
However, the buyer of the shares could not be ascertained immediately.
According to bulk deal data available with the stock exchanges, Mr Wadia sold a total of 19,26,770 shares of Bombay Dyeing.
The shares were purchased on an average price of Rs 63.87, valuing the transaction at Rs 12.30 crore.
In a separate bulk deal, Merrill Lynch Capital Markets Espana has sold 15.41 lakh shares of India Cements.
These scrips were offloaded on a price of Rs 72.61 apiece valuing the transaction at Rs 11.18 crore.
Shares of Bombay Dyeing surged by 4.38 per cent to settle at Rs 64.40 on the BSE, while that of India Cements grew by 3.36 per cent to close at Rs 72.75.
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