5 days ago
Foseco India Promoters Sell Shares in Major Block Deal
Foseco India had a large share transaction called a block deal on August 27.
In this deal, two promoter companies sold shares in the company.
They sold a combined 11.51 lakh shares.
Each share was sold for ₹5,897.
Several mutual funds bought many of the shares.
These included SBI Mutual Fund, Mirae Asset Mutual Fund and Invesco Mutual Fund.
LIC, global investors and Catamaran Ventures were also named among the buyers.
The report does not explain why the promoters sold the shares.
Promoter entities Morganite Crucible and Morgan Terrassen B.V. sold a combined 11.51 lakh Foseco India shares.
The shares were sold at ₹5,897 apiece on August 27.
Domestic mutual funds were among the leading buyers in the transaction.
SBI Mutual Fund, Mirae Asset Mutual Fund and Invesco Mutual Fund were among the largest purchasers.
LIC, global investors and family office Catamaran Ventures also bought shares, according to the report.
- Who
- Morganite Crucible and Morgan Terrassen B.V. sold the shares; SBI Mutual Fund, Mirae Asset Mutual Fund, Invesco Mutual Fund, LIC, global investors and Catamaran Ventures were among the buyers.
- What
- A block deal involving 11.51 lakh Foseco India shares took place at ₹5,897 per share.
- Where
- When
- August 27.
- Why
- The articles do not state why the promoter entities sold their shares.
Key facts
- Company
- Foseco India
- Sellers
- Morganite Crucible and Morgan Terrassen B.V.
- Shares sold
- 11.51 lakh shares
- Price per share
- ₹5,897
- Deal type
- Block deal
- Leading buyers
- SBI Mutual Fund, Mirae Asset Mutual Fund and Invesco Mutual Fund
- Other buyers named
- LIC, global investors and Catamaran Ventures
