Two public shareholders of Arvind Fashions Ltd. sold stakes worth Rs 318.28 crore on Wednesday, according to BSE bulk deal data.
Plenty Private Equity Fund I Ltd. sold 37.55 lakh shares, or 2.82% stake, at Rs 575 apiece. Plenty CI Fund I Ltd. sold 17.76 lakh shares, or 1.33% stake, at Rs 576.1 per share.
Among the buyers were Goldman Sachs Funds arm Goldman Sachs India Equity Portfolio, which bought 13.11 lakh shares, or 0.98% stake, at Rs 574.73 apiece.
ICICI Prudential Life Insurance Co. bought 43.48 lakh shares, or 3.27% stake, at Rs 574.85 per share.
As of the June quarter, Plenty Private Equity Fund I held 5.64% stake in the apparel maker, while Plenty CI Fund I held 2.67%.
The share price indicates that Plenty Private Equity Fund I and Plenty CI Fund I sold their holdings at a discount of 0.84% and 0.65% respectively.
Shares of the company closed 0.70% lower at Rs 583.95 per share, compared to a 0.49% decline in the NSE Nifty 50. The stock has risen 74.37% year-to-date and 42.37% over the past 12 months.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
