Amitabh Bachchan Sells 0.79% Stake In DP Wires Ltd For ₹2.48 Crore Via Open Market Transaction
Amitabh Bachchan sold 1,23,622 shares (0.79% stake) of DP Wires Ltd for ₹2.48 crore at ₹200.84 per share via an open market transaction. He also purchased 41,566 shares worth ₹83.09 lakh at ₹199.90 per share. His holding stood at 2.11% before the trade. Following the deal, DP Wires shares rose 4.56% on the NSE, reflecting active market interest in the counter.
Amitabh Bachchan Sells 0.79% Stake In DP Wires Ltd For ₹2.48 Crore Via Open Market Transaction | ANI
New Delhi: Bollywood megastar Amitabh Bachchan has pared his holding in steel wires manufacturer DP Wires Ltd by selling nearly 1 per cent stake for Rs 2.48 crore through an open market transaction.
Amitabh Harivansh Rai Bachchan offloaded 1,23,622 equity shares representing 0.79 per cent stake in the Madhya Pradesh-based company, as per the bulk deal data available on the National Stock Exchange (NSE).
The shares were sold on Tuesday at an average price of Rs 200.84 apiece, taking the transaction value to Rs 2.48 crore.
At the end of the March quarter, Bachchan held 2.11 per cent stake or 3.27 lakh shares in DP Wires.
Meanwhile, the veteran actor purchased 41,566 shares at an average price of Rs 199.90 per piece, amounting to Rs 83.09 lakh, according to the NSE data.
The identities of the other buyers of DP Wires' shares could not be ascertained on the exchange.
Shares of DP Wires rose 4.56 per cent to trade at Rs 213.03 apiece on the NSE.
(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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