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&w=826&resize=826,465&ssl=1 "Gulf Oil Lubricants India promoter sells 4% stake for over Rs 263 crore | Information on Markets")
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Gulf Oil Worldwide Mauritius Inc, promoter of Gulf Oil Lubricants India, on Thursday divested a 4 per cent stake within the firm for over Rs 263 crore by open market transactions.
In response to the block deal information out there on the BSE, Gulf Oil Worldwide Mauritius Inc. offloaded 19,50,000 shares, amounting to a 3.96 per cent stake in Gulf Oil Lubricants India.
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The shares have been disposed of at a median value of Rs 1,351 apiece, taking the transaction worth to Rs 263.44 crore.
After the stake sale, Gulf Oil Worldwide Mauritius’ holding has come all the way down to 67.8 per cent from 71.76 per cent.
UTI Mutual Fund (MF), ITI MF, Baroda BNP Paribas MF, JM Monetary MF, Aditya Birla Solar Life Insurance coverage, Axis Securities and Societe Generale have been among the many consumers of Gulf Oil Lubricants India’s shares.
Shares of Gulf Oil Lubricants India declined 4.88 per cent to shut at Rs 1,370.95 apiece on the BSE.
In a separate transaction on the BSE, Dice Highways and Infrastructure II offered 1.16 crore items or 0.9 per cent unitholding in Dice Highways Belief (Dice InvIT) for just a little over Rs 139 crore by an open market transaction.
Dice Highways Belief is one among India’s largest private-sector toll street operators.
The items have been disposed of at a median value of Rs 120 per unit, taking the deal worth to Rs 139.20 crore.
Singapore-based Dice Highways and Infrastructure III Pte Ltd is the sponsor of Dice InvIT.
Dice Highways Belief’s unit ended flat at Rs 120 per unit on the BSE.
(Solely the headline and movie of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Sep 26 2024 | 11:33 PM IST
