Havells India promoters sell 2% stake for Rs647 crore - News Summed Up

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Havells India promoters sell 2% stake for Rs647 crore


Havells India stock settled for the day at Rs522.05 on BSE, down 5.62% from the previous close. Photo: Preetha/MintNew Delhi: Two promoters of consumer electrical goods maker Havells India on Wednesday sold 2% stake in the firm for over Rs647 crore through open market transactions. According to bulk deal data available with BSE, Surjit Kumar Gupta, a promoter of Havells India, offloaded 40 lakh shares amounting to 0.64% stake in the firm. The data also showed that SBI Mutual Fund bought 45.20 lakh shares of Havells India for Rs233.68 crore. Havells India stock settled for the day at Rs522.05 on BSE, down 5.62% from the previous close.


Source: Mint January 31, 2018 16:07 UTC



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