Dalmia Bharat hits record high after subsidiary sells 4.473% stake in IEX for Rs487.55cr

Post the sale of 1.34cr equity shares by Dalmia Power, the company’s balance stake in IEX is 15.525%.

May 21, 2021 10:56 IST India Infoline News Service

Dalmia Power Limited, a wholly-owned subsidiary of Dalmia Bharat Limited has sold 1.34cr equity shares (4.473% shareholding) of IEX in the open market on May 20, 2021, at a consideration of Rs487.55cr.

Post this disposal balance shareholding of the company (directly or indirectly) in IEX is 4,65,06,556 equity shares (15.525% shareholding).

Dalmia Bharat Group stock was in demand on Friday and hit a record high of Rs1879 per piece. At around 10.58 AM, it was trading at Rs1844.65 per piece up Rs29.00 or 1.60% on the BSE.

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