The data showed that Instant Holdings, a promoter of RPG Life Sciences, offloaded 24.50 lakh shares, or 14.81 percent, in the drug firm.
KEC International's promoter Instant Holdings today bought over 1 percent stake in the infrastructure major for Rs 111 crore through an open market transaction.
According to the block deal data available with the BSE, the promoter purchased 28.05 lakh shares, amounting to 1.09 percent stake in the firm.
The shares were acquired at an average price of Rs 395.95, valuing the transaction at Rs 111.07 crore, the data showed. At the end of the December 2017 quarter, Instant Holdings held 1.80 crore shares, or 7.01 percent, in KEC International.
The shares were sold by Stellar Energy Trust. In a separate block deal, Instant Holdings disposed of 14.81 percent stake in the drug firm RPG Life Sciences for Rs 110.94 crore.
The data showed that Instant Holdings, a promoter of RPG Life Sciences, offloaded 24.50 lakh shares, or 14.81 percent, in the drug firm. The shares were sold at a price of Rs 452.85 apiece, translating into a transaction worth Rs 110.94 crore.
Instant Holdings controlled 16.53 percent stake in RPG Life Sciences at the end of December 2017 quarter.
