Rekha Jhunjhunwala sells Rs 46cr shares of Crisil

Rekha Jhunjhunwala, wife of ace investor Rakesh Jhunjhunwala, offloaded on Friday 4 lakh shares of rating agency Crisil for over Rs 46 crore.

According to information available with stock exchanges, she sold 4 lakh shares of Crisil, amounting to 0.56 percent stake, through open market transactions.

Also Read: WPI inflation may jump to 6% if rupee ends yr at 57: Crisil
The shares were sold on an average price of Rs 1,158.6 valuing the transaction at Rs 46.34 crore, the data showed.
However, identity of buyer could not be ascertained.
As of the quarter ended March, the Jhunjhunwalas together held 54 lakh shares equivalent to 7.69 percent stake in Crisil.
Earlier this month, McGraw Hill Financial Inc had said it would make a voluntary open offer to raise holding in the Crisil to 75 percent in a deal worth about Rs 1,900 crore.
McGraw Hill currently owns 52.77 percent in the Mumbai-based Crisil and plans to acquire up to 15.7 million shares, aggregating to 22.23 percent equity, through the open offer. The amount will be paid in cash.
Shares in Crisil, Friday, ended at Rs 1,159.45 apiece on the BSE, down 0.34 percent from the previous close.