R Raheja Properties sells 20.49% stake in Futura Polysters

MUMBAI: R Raheja Properties Pvt Ltd, a part of promoter group of textile company Futura Polysters, has sold 1.12 crore shares totaling 20.49% stake in the company. The promoter has sold the stake in an off-market transaction on January 7, Futura Polysters said in a regulatory filing on Bombay Stock Exchange.

The notice on BSE did not detail whether the sale is in the form of inter-se transfer between promoters of the company. Following the stake sale, R Raheja Properties now hold 24.50 lakh shares or 4.46% stake in Futura Polysters.

On Friday, shares of Futura Polysters closed at Rs 4.26 on Bombay Stock Exchange, up 4.9% from Thursday's close. The stock is part of BSE's T group shares and has face value of Rs 10 each. .