New Delhi, Singapore-based Nalanda Capital on Friday sold 1.2 per cent stake in energy and environment solutions provider Thermax for Rs 765 crore through an open market transaction.
Investment firm Nalanda Capital sold Thermax shares on BSE through its associate Nalanda India Equity Fund Ltd.
According to bulk deal data on BSE, Nalanda India Equity Fund disposed of 15 lakh shares, equivalent to 1.2 per cent stake in Pune-based Thermax.
The shares were sold at an average price of Rs 5,100.26 per share, taking the deal size to Rs 765.03 crore.
After the share sale, Nalanda Capital's stake in Thermax has reduced from 6.86 percent to 5.6 percent.
Meanwhile, SBI Mutual Fund bought 13.74 lakh shares, representing 1.15 per cent stake in Thermax.
The shares were acquired at an average price of Rs 5,100 per piece, taking the value of the transaction to Rs 700.92 crore.
Details of other buyers could not be ascertained.
Shares of Thermax closed 0.65 per cent lower at Rs 5,227.05 on the BSE.
Investment firm Nalanda Capital sold Thermax shares on BSE through its associate Nalanda India Equity Fund Ltd.
According to bulk deal data on BSE, Nalanda India Equity Fund disposed of 15 lakh shares, equivalent to 1.2 per cent stake in Pune-based Thermax.
The shares were sold at an average price of Rs 5,100.26 per share, taking the deal size to Rs 765.03 crore.
After the share sale, Nalanda Capital's stake in Thermax has reduced from 6.86 percent to 5.6 percent.
Meanwhile, SBI Mutual Fund bought 13.74 lakh shares, representing 1.15 per cent stake in Thermax.
The shares were acquired at an average price of Rs 5,100 per piece, taking the value of the transaction to Rs 700.92 crore.
Details of other buyers could not be ascertained.
Shares of Thermax closed 0.65 per cent lower at Rs 5,227.05 on the BSE.
