[ad_1]
As per BSE India’s bulk deal data, the investment firm offloaded 49.1 million shares at ₹204.50 apiece.
Goldman Sachs Singapore Pte ODI, Morgan Stanley Asia Singapore Pte, and Segantii India Mauritius have bought the shares.
Morgan Stanley Asia Singapore Pte bought 15.8 million shares at ₹204.5 per share for ₹323 crore.
Segantii India Mauritius’ purchase of 9 million shares was worth ₹184 crore.
The bulk deal saw Goldman Sachs Singapore Pte ODI pick up 6.42 million shares for ₹131.2 crore. As per BSE India data, investors offloaded 57.6 million shares of the company in a large block deal on Monday.
The total turnover of the traded shares stood at ₹1,180 crore. The shares comprised almost 6% of the company’s total shareholding.ZEEL’s share price, which opened at 205.40, hit a high of 213.80. The share price closed at 203.80.
In October last year, Invesco sold 53 million shares, amounting to 5.51% of ZEEL, for almost 1,396 crore at 263.7 apiece.
Before that, Invesco had divested a 7.74% stake in ZEEL for 2,092 crore in April 2022. Invesco Oppenheimer Developing Markets Fund sold 74 million shares for 281.46 apiece.
Invesco, which once held an 18% stake in ZEEL, was at loggerheads with the company’s promoters following the merger deal with Sony Pictures Networks India (SPNI). The investment firm was seeking ZEEL MD & CEO Punit Goenka’s ouster from the company’s board.
The two sides reached a truce in March 2022 after months of wrangling over control of the board.
[ad_2]
Source link