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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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DynastyAcquisition(FDI)Ltdhassold2.72millionsharesinMurugappaGroupfirmCholamandalamInvestmentandFinanceCompany,foratotaltradepriceofRs299.66crore. AccordingtothebulkdealdatawithNationalStockExchange,theinvestorsoldthesharesforatradepriceofRs1,100.54pershare.

AsonJune30,2016,itwasholdingaround1,2285,012equitysharesinCholamandalam. CholamandalamInvestment,in2014,raisedRs500crorefromDynastyAcquisition,acompanybackedbyfundsadvisedbyApaxPartners,byallotting5,00,00,000sharesat1percentcompulsorily ...

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