Ashok Leyland, the Hinduja Group flagship company in India, has sold 18 lakh shares of IndusInd Bank through an open market transaction. The shares were offloaded to CPCI Mauritius at an average price of Rs 417, valuing the transaction at Rs 75.06 crore on BSE.
Earlier in March, Ashok Leyland had offloaded 50 lakh shares of IndusInd Bank in a transaction worth more than Rs 216 crore. The shares were bought by Afrin Dia, a foreign institutional investor.
As of September quarter, Ashok Leyland held 1.30 crore shares, amounting to 2.48% stake, in the bank.
Earlier in March, Ashok Leyland had offloaded 50 lakh shares of IndusInd Bank in a transaction worth more than Rs 216 crore. The shares were bought by Afrin Dia, a foreign institutional investor.
As of September quarter, Ashok Leyland held 1.30 crore shares, amounting to 2.48% stake, in the bank.
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