Citicorp Finance reduces stake in Kinetic Motor to 5.05 pc
Financial firm Citicorp Finance India reduced its stake in two-wheeler maker Kinetic Motor to 5.05 per cent by selling stocks in open market deal.
By PTI |
MUMBAI: Financial firm Citicorp Finance India reduced its stake in two-wheeler maker Kinetic Motor to 5.05 per cent by selling stocks in open market deal.
Citicorp Finance India has sold its 4.35 lakh shares (2.07 per cent stake) in Kinetic Motor in three different transactions between March and August, Kinetic Motor Company said in a disclosure to the Bombay Stock Exchange (BSE).
Post sale, Citi Finance India holds a 5.05 per cent stake in the domestic two-wheeler maker.
Shares of Kinetic Motor today closed at Rs 17.10, down 4.74 per cent from its previous close on the BSE.
Citicorp Finance India has sold its 4.35 lakh shares (2.07 per cent stake) in Kinetic Motor in three different transactions between March and August, Kinetic Motor Company said in a disclosure to the Bombay Stock Exchange (BSE).
Post sale, Citi Finance India holds a 5.05 per cent stake in the domestic two-wheeler maker.
Shares of Kinetic Motor today closed at Rs 17.10, down 4.74 per cent from its previous close on the BSE.
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