Yes Bank offloads 8.3% stake in CG Power, hedge fund sells 1.77 lakh shares in Som Distilleries

Yes Bank held 12.79 percent equity stake in CG Power as per the shareholding pattern as of June 2020

August 19, 2020 / 08:41 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Private sector lender Yes Bank has offloaded 8.27 percent equity stake in CG Power & Industrial Solutions that manufactures power transformers and reactors, via open market transactions on August 18.

Yes Bank sold 2.8 crore equity shares in the company at Rs 14.6 per share on the National Stock Exchange (NSE), and 2.4 crore shares at Rs 14.66 per share on the BSE, the bulk deals data showed.

The lender held 12.79 percent equity stake in the company as per the shareholding pattern as of June 2020.

However, GDN Investments acquired 46 lakh shares in CG Power at Rs 14.66 per share on the BSE.

On August 17, non-banking financial company L&T Finance exited CG Power by selling its 8.4 percent stake via open market transactions.

Close

Listen: Setting Sail podcast | Wow Momo may cut jobs in September, business still not back to pre-Covid level: Sagar Daryani

But the stock price was locked in 5 percent upper circuit today at Rs 14.66 per share.

Among other deals, Hong Kong-based hedge fund Karst Peak Asia Master Fund sold 1,77,000 shares in Som Distilleries & Breweries at Rs 46.96 per share.

The hedge fund had held 7.56 percent equity stake (24,55,042 shares) in the company as of June 2020.

India Opportunities Fund offloaded 30,000 shares in Thejo Engineering at Rs 617.4 per share. However, Pranith Realities LLP bought 1.6 lakh shares in Suumaya Lifestyle at Rs 31 per share and Alankit Assignments acquired 43,91,000 shares in Vikas Multicorp at Rs 14.49 per share.

Click Here for All Bulk Deals Data

Trishashna Holdings & Investments acquired 11,41,355 Rights Entitlement shares of Satin Creditcare Network at Rs 20.45 per share on the NSE.

Pankaj Jasraj Sahuji sold 1,29,875 Satin RE shares at Rs 20.64 per share, Bhawani Finvest 2,74,521 shares at Rs 19.87 per share, Linkage Securities 2,53,257 shares at Rs 21.42 per share, and Rajsonia Consultancy Services sold 3,70,442 shares at Rs 20.23 per share.

The trading in Satin Creditcare Network Rights Entitlement shares will continue till August 21, the last date for market renunciation, on the exchanges.
Moneycontrol News

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark