Videocon buys 5.5 lakh shares of ABG Shipyard for over Rs 20 crore
Videocon Industries today purchased 5.5 lakh shares of ship-builder ABG Shipyard for over Rs 20 crore from one of its own group companies.
By PTI | Updated:
MUMBAI: Videocon Industries today purchased 5.5 lakh shares of ship-builder ABG Shipyard for over Rs 20 crore from one of its own group companies through open market transactions.
Nippon Investment and Finance, one of the promoter of Videocon Industries, sold 5.5 lakh shares of the private shipbuilder firm. As on June 30, 2012, Nippon held 8.27 lakh shares or 1.62 per cent stake in ABG Shipyard.
The shares were sold at an average price of Rs 366 apiece in a bulk deal worth about Rs 20.13 crore.
At the end of the June quarter, Nippon held 0.25 per cent stake in Videocon Industries as a promoter group entity.
In a separate bulk deal, Morgan Stanley Asia (Singapore) Pte acquired 5 lakh shares of Claris Lifesciences for Rs 217.89 apiece translating into a deal worth Rs 11 crore.
However, seller of the shares could not be ascertained.
Nippon Investment and Finance, one of the promoter of Videocon Industries, sold 5.5 lakh shares of the private shipbuilder firm. As on June 30, 2012, Nippon held 8.27 lakh shares or 1.62 per cent stake in ABG Shipyard.
The shares were sold at an average price of Rs 366 apiece in a bulk deal worth about Rs 20.13 crore.
At the end of the June quarter, Nippon held 0.25 per cent stake in Videocon Industries as a promoter group entity.
In a separate bulk deal, Morgan Stanley Asia (Singapore) Pte acquired 5 lakh shares of Claris Lifesciences for Rs 217.89 apiece translating into a deal worth Rs 11 crore.
However, seller of the shares could not be ascertained.
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