An individual on Tuesday sold 3.3 percent stake in Best Agrolife Ltd for over Rs 98 crore through open market transactions.
Raj Kumar offloaded 5,25,000 shares on the NSE and 2,75,000 shares on the BSE, amounting to 3.38 percent stake in the company, as per the bulk deal data available with the two exchanges.
The shares were disposed of at an average price of Rs 1,240.9 apiece on NSE and Rs 1,210.68 per scrip on BSE, taking the combined transaction value to Rs 98.44 crore. Quant Mutual Fund picked up 5 lakh shares of the company on both NSE and BSE. Other buyers were not identified.As of the June quarter, Raj Kumar held a 16.57 percent stake in the company, shareholding data with the bourses showed. Shares of Best Agrolife closed 3.21 percent higher at Rs 1,249 on NSE and 4.05 percent up at Rs 1,249.90 on BSE.