ICICI Prudential Life sells shares of ABG Shipyard for over Rs 15 crore
ABG Shipyard is the flagship company of the ABG Group and has so far built and delivered more than 160 ships for domestic and international customers.
By PTI | Updated:
MUMBAI: ICICI Prudential Life Insurance Company today sold 5.82 lakh shares of private shipbuilder ABG Shipyard for Rs 15.79 crore, through open market transactions.
As per the bulk deal information with the bourses, ICICI Prudential offloaded 2.91 lakh shares each of ABG Shipyard on BSE and the National Stock Exchange (NSE).
ABG Shipyard shares were sold at an average price of Rs 271 each, amounting the transaction at Rs 15.79 crore.
ICICI Prudential Life Insurance held 6.91 lakh shares of ABG Shipyard representing 1.36 per cent stake in the company, as on quarter ended June 30.
ABG Shipyard is the flagship company of the ABG Group and has so far built and delivered more than 160 ships for domestic and international customers.
Shares of ABG Shipyard surged 20 per cent from the previous close, to end the day at Rs 300.05 apiece, on the BSE.
As per the bulk deal information with the bourses, ICICI Prudential offloaded 2.91 lakh shares each of ABG Shipyard on BSE and the National Stock Exchange (NSE).
ABG Shipyard shares were sold at an average price of Rs 271 each, amounting the transaction at Rs 15.79 crore.
ICICI Prudential Life Insurance held 6.91 lakh shares of ABG Shipyard representing 1.36 per cent stake in the company, as on quarter ended June 30.
ABG Shipyard is the flagship company of the ABG Group and has so far built and delivered more than 160 ships for domestic and international customers.
Shares of ABG Shipyard surged 20 per cent from the previous close, to end the day at Rs 300.05 apiece, on the BSE.
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