JG Securities sells entire stake in Cantabil for Rs 66.53 Lakh

MUMBAI: JG Securities today offloaded its entire stake in apparel manufacturer Cantabil Retail for a deal worth Rs 66.53 lakh through open market transactions.

According to the bulk data available with stock exchanges, J G Securities sold its entire shareholding of 3.50 lakh shares in Cantabil Retail for an average price of Rs 19.01 apiece, valuing the deal at Rs 66.53 lakh.

As of June quarter, J G Securities held 2.14 per cent share in the apparel company.

Meanwhile in a separate bulk deal, Cantabil Retail's promoter Vijay Bansal acquired two lakh shares of the company for an average price of Rs 19 apiece, valuing the deal at Rs 38 lakh.

Besides, Vijay Bansal (HUF) which is another promoter entity of Cantabil Retail purchased one lakh shares of the company for deal worth Rs 19 lakh. The shares were bought at an average price of Rs 19 apiece.

As of quarter ended June, Vijay Bansal held 29.25 per cent stake, while Vijay Bansal (HUF) shareholding was 0.7 per cent in the company.

Shares of Cantabil Retail dropped by 3.61 per cent to close at Rs 18.70 apiece on the BSE.