Section

HDFC MF divests 2% stake in VST Industries shares for Rs 122 crore

By Business Standard - 7 months ago
HDFC Mutual Fund on Monday sold a 2 per cent stake in VST Industries for Rs 122 crore through open market transactions. According to the bulk deal data available with the BSE, HDFC Mutual Fund sold a total of 3,30,811 shares, amounting to a 2.14 per cent stake in VST Industries. The shares were disposed of within the price range of Rs 3,690-3,690.38 apiece, taking the deal value to Rs 122.07 crore. After the latest transaction, HDFC Mutual Fund's shareholding has declined to 3.7 per cent from 5.84 per cent (as of December 2023). Meanwhile, Radhakishan Shivkishan Damani, promoter of Avenue Supermarts, bought 2.33 lakh shares or 1.5 per cent stake in VST Industries for Rs 86.24 crore. The shares were acquired at an average price of Rs 3,689.96 apiece, taking the deal value to Rs 86.25 crore. After the stakebuy, Radhakishan Damani becomes the largest shareholder of VST Industries. As of December 2023, entities owned by Damani, including Bright Star Investments Pvt Ltd and Derive Tr

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.