HomeNewsBusinessStocksBulk deals: Sundaram Clayton MD Venu Srinivasan sells Rs 175.61 cr shares of firm

Bulk deals: Sundaram Clayton MD Venu Srinivasan sells Rs 175.61 cr shares of firm

Venu Srinivasan, chairman Emeritus and MD of the company, sold 14.16 lakhs shares, a 6.99 percent stake at an average price of Rs 1239.99.

March 14, 2024 / 22:22 IST
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Bulk deals
SBI mutual fund picked up 7.74 lakh shares at Rs 1240 per share which is a 3.82 percent stake in Sundaram Clayton.

Venu Srinivasan, Chairman Emeritus and MD of In Sundaram Clayton, sold 14.16 lakh shares (6.99 percent stake) for Rs 1,239.99 on March 14 valuing the transaction at Rs 175.61 crore. Srinivasan held 11.78 percent stake as of December 2023.

SBI Mutual Fund picked up 7.74 lakh shares, or a 3.82 percent stake, in the company, while Govindlal Mansukhlal Parikh bought 5.35 lakh shares or a 2.64 percent stake for Rs 1,240.

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Shares of Sundaram-Clayton closed 1.16 percent down in the session at Rs 1,260 on NSE.

In the newly-listed Gopal Snacks, Quant small cap fund bought 8.05 lakh shares at an average price of Rs 374.21, buying Rs 30.12 crore worth of equity shares. Quant Active Fund picked up 7 lakh shares at Rs 374.21 per share, acquiring Rs 26.19 crore worth of shares.