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HomeNewsBusinessMarketsNowrosjee Wadia offloads 2.11% stake in Bombay Dyeing, Duru Sushil Shah 6% in Metropolis
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Nowrosjee Wadia offloads 2.11% stake in Bombay Dyeing, Duru Sushil Shah 6% in Metropolis

Bessemer India Capital OGPL sold 60,50,352 shares in Orient Green Power (representing 0.8 percent of its total paid up equity) at Rs 2.84 per share

June 24, 2020 / 21:39 IST
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Promoter Nowrosjee Wadia and Sons on June 24 offloaded 2.11 percent equity stake in Bombay Dyeing and Manufacturing Company via open market transactions.

Nowrosjee Wadia raised Rs 33.52 crore by selling 43,59,611 equity shares in the flagship company of the Wadia Group at Rs 76.90 per share, bulk deals data on the BSE showed. Promoter and promoter group's shareholding in the company was 53.65 percent as of March 31, including Nowrosjee Wadia's at 3.77 percent. After this stake sale, Nowrosjee Wadia holds 1.66 percent in Bombay Dyeing.

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Sahara Investments, Heera Holdings and Leasing, and Nidhivan Investments and Trading Company acquired 13,03,691, 15,60,470 and 14,95,450 shares in the company.

Among other deals, promoter Duru Sushil Shah sold 30,54,545 shares in diagnostic chain Metropolis Healthcare (representing 6 percent of its total paid-up equity capital) at Rs 1,383.44 per share and raised Rs 422.57 crore via open market transaction.