Centum Electronics promoter sells 4.5% stake for Rs 153 crore
In keeping with the majority deal information on the BSE, Mallavarapu Venkata Apparao — one of many promoters of Centum Electronics — offloaded 6.65 lakh fairness shares, amounting to a 4.53 per cent stake within the firm.
The shares have been disposed of at a median worth of Rs 2,300.93 apiece, taking the transaction worth to Rs 153.19 crore.
Following the stake sale, Apparao’s holding in Centum Electronics has diminished to 35.57 per cent from 40.10 per cent.
In the meantime, HDFC Mutual Fund purchased 2.15 lakh shares, or 1.5 per cent stake, in Centum Electronics whereas 3P Funding Managers by way of its associates — 3P India Fairness Fund 1 and 3P India Fairness Fund 1M acquired 3 lakh shares, or 2.04 per cent holding, within the firm, as per the information.
The shares have been bought at a median worth of Rs 2,300 apiece, taking the mixed deal worth to Rs 118.45 crore. Particulars of the opposite patrons of Centum Electronics shares couldn’t be recognized on the change.
Shares of Centum Electronics rose 0.74 per cent to shut at Rs 2,412.70 apiece on the BSE. PTI
