State Bank of India sells 0.8% in Sri Adhikari Brothers Television

State Bank of India sold 269,336 shares or 0.8% stake in Sri Adhikari Brothers Television Network on Thursday, bulk deal data on the BSE’s website showed.

SBI, which held 13.4% stake in Sri Adhikari Brothers Television as of September 30, sold the shares at Rs 18.16 apiece. The buyer’s name could not be ascertained immediately.

BSE shareholding data showed that Central Bank of India held 10.4% stake and and Punjab National Bank held 1.1% stake in the company as of September 30. Shares of Sri Adhikari Brothers Television ended in 5% lower circuit at Rs 18.15 on the BSE on Thursday. The stock has lost 93.6% so far in 2017.