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    HomeNewsBusinessStocksJPMSL offloads 0.6% stake in S Kumars Nationwide

    JPMSL offloads 0.6% stake in S Kumars Nationwide

    JPMSL, which was holding 8.08 percent as of September 2013, sold 17,84,601 equity shares at Rs 5 apiece.

    December 23, 2013 / 08:37 IST
       
       
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      JPMSL (account Copthall Mauritius Investment) offloaded 0.6 percent stake in S Kumars Nationwide on Friday through a block deal.

      JPMSL, which was holding 8.08 percent as of September 2013, sold 17,84,601 equity shares at Rs 5 apiece.

      The shareholder had also sold 15.2 lakh equity shares at Rs 6.10 apiece in November. Hence, its stake in the company declined to 6.97 percent from 8.08 percent.

      On Friday, S Kumars Nationwide's stock closed at Rs 5, up 2.04 percent amid large volumes on the NSE. Market capitalisation of the company currently stands at Rs 148.70 crore.

      first published: Dec 23, 2013 08:37 am

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