Shares Shuffle: Major Stake Sales and Purchases on the BSE and NSE
On Monday, Hydra Trading sold a 1.24% stake in RBL Bank for over Rs 152 crore. Plutus Wealth Management acquired a 0.66% stake in SpiceJet for Rs 51 crore, while Morgan Stanley offloaded 4.34 lakh shares of Cyient DLM. HDFC Mutual Fund increased their stake in Cyient DLM to 5.29%.
- Country:
- India
On Monday, Hydra Trading, a public shareholder in RBL Bank, sold a 1.24% stake valued at over Rs 152 crore through an open market transaction.
According to BSE block deal data, 75.11 lakh shares were offloaded at an average price of Rs 203 each. Cronus Merchandise LLP acquired these shares at the same price.
Separately, Plutus Wealth Management acquired a 0.66% stake in SpiceJet for Rs 51 crore, buying 85 lakh shares at an average price of Rs 59.95 each. SpiceJet's shares surged 7.98% to Rs 63.70 apiece.
Meanwhile, Morgan Stanley sold 4.34 lakh shares of Cyient DLM for Rs 29 crore on the NSE. HDFC Mutual Fund increased its stake in Cyient DLM to 5.29%, acquiring 4 lakh shares for Rs 26.68 crore. Cyient DLM's shares slipped 0.61% to Rs 668.30.
(With inputs from agencies.)
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