The share price of Sterling Holiday Resorts slipped more than 9 percent intraday Monday after billionaire investor Rakesh Jhunjhunwala offload its stake in the company on Friday.
On April 24, 2015 Rakesh Radheyshyam Jhunjhunwala sold 24,35,500 shares of Sterling Holiday Resorts (India) at Rs 276 on the BSE.
As on December 2014, Rakesh Radheyshyam Jhunjhunwala’s holdings stood at 31,30,000 (3.5 percent stake).
On Friday, Sterling Holiday Resorts (India) ended at Rs 270.20, down Rs 4.80, or 1.75 percent.
However, ICICI Prudential Mutual Fund A/C ICICI Prudential Balanced Fund bought 10,00,000 shares at Rs 276 and ICICI Prudential Mutual Fund A/C Tax Plan bought 14,20,000 shares at Rs 276 on the BSE.
At 10:16 hrs Sterling Holiday Resorts (India) was quoting at Rs 249.90, down Rs 20.30, or 7.51 percent.
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