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Dynasty Acquisition sells Rs 300 crore shares in Cholamandalam Investment

According to the bulk deal data with NSE, the investor sold 2.7 million shares for a trade price of Rs 1,100.54 apiece

BS Reporter  |  Chennai 

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Dynasty Acquisition (FDI) Ltd has sold 2.72 million shares in Murugappa Group firm Cholamandalam Investment and Finance Company, for a total trade price of Rs 299.66 crore. According to the bulk deal data with National Stock Exchange, the investor sold the shares for a trade price of Rs 1,100.54 per share.

As on June 30, 2016, it was holding around 1,2285,012 equity shares in Cholamandalam. Cholamandalam Investment, in 2014, raised Rs 500 crore from Dynasty Acquisition, a company backed by funds advised by Apax Partners, by allotting 5,00,00,000 shares at 1 per cent compulsorily ...

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First Published: Fri, September 02 2016. 20:10 IST