Around 1.5 crore shares of Ambuja Cements worth Rs 909 crore changed hands at Rs 586 per share.
Ambuja Cement slipped two per cent in the early session after 0.6 per cent equity was exchanged in a block deal on October 16.
As many as 1.48 crore shares or 0.6 per cent of the total equity changed hands in the large transaction as per the data available.
hares changed hands at an average price of Rs 586 per share, which takes the total transaction value to Rs 909 crore.
The buyers and sellers of the transaction are not yet officially known.
Read More: Stock Market Updates: Sensex Opens 200 Points Lower, Nifty At 25,020
Based on the September quarter shareholding pattern, the promoter stake of Ambuja Cements fell from 70.33 per cent in June to 67.57 per cent.
India’s Mutual Funds increased their stake in Ambuja Cements from 5.53 per cent at the end of June, to 6.35 per cent in September.
Shareholding of Foreign Portfolio Investors (FPIs) in the cement major has also increased to 10.6 per cent, from 9.59 per cent at the end of the June quarter.
The stake held by retail shareholders, those with authorised share capital of less than Rs 2 lakh, fell marginally to 4.58 per cent from 4.67 per cent in the June quarter.
Read More: Hyundai Motor India IPO Day 2: Check Subscription Status, GMP Today
However, the total number of retail shareholders increased from 5.83 lakh in June to 5.9 lakh at the end of the September quarter.
During the September quarter, the Adani Group promoters raised their stakes in four of their listed entities: Adani Energy Solutions, Adani Enterprises, Adani Green Energy, and Adani Power, while reducing their stake in Ambuja Cements. The total value of these holdings is approximately Rs 12,778 crore.
The stock has jumped over 31 per cent in the last one year, taking its market capitalisation to Rs 1.28 lakh crore. Ambuja Cements’ share price has significantly outperformed benchmark NSE Nifty 50, which has gained 28 per cent during the period.
DISCLAIMER:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
