Ascent Investment Holdings sold 10.45 percent equity stake in Amber Enterprises, the market leader in room air conditioners via open market transactions on September 11.
It sold 9,86,646 equity shares in Amber at Rs 1,837.78 per share and 23,02,173 shares at Rs 1,835.14 per share, bulk deals data available on the National Stock Exchange (NSE) showed.
As a result, its shareholding in Amber has fallen to 10.47 percent now from 20.92 percent held on June 30.
Promoter Kartar Singh sold 275,000 equity shares in Amber (representing 0.87 percent of its total paid-up equity) at Rs 1,841.33 per share on the NSE. He held 2.25 percent stake in company as of June 30.