New Delhi: Investment firm Nalanda Capital on Monday sold 1.4 per cent stake in Great Eastern Shipping Company Ltd for Rs 190 crore through an open market transaction.

Singapore-based Nalanda Capital through its arm Nalanda India Equity Fund Ltd sold shares of Great Eastern Shipping Company Ltd through a bulk deal on BSE.

According to the data, Nalanda India Equity Fund sold 20 lakh shares, equivalent to 1.4 per cent stake in Mumbai-based Great Eastern Shipping Co Ltd.

The shares were disposed of at an average price of Rs 950.25, taking the value of the transaction to Rs 190.05 crore.

After the stake sale, Nalanda Capital's stake in GE Shipping has come down to 5.97 per cent from 7.37 per cent.

Meanwhile, Ghisallo Master Fund LP acquired 19.58 lakh shares at an average price of Rs 950 per piece, according to BSE data.

This took the deal value to Rs 186.03 crore.

Shares of Great Eastern Shipping Company closed 0.66 per cent higher at Rs 998.4 on the BSE.

Mumbai-based Great Eastern Shipping Company Limited is India's largest private sector shipping service provider.

In another bulk deal on NSE, Axis Mutual Fund (MF) bought 26 lakh shares of real estate company Ananth Raj for Rs 95 crore through an open market transaction.

According to bulk deal data available on the National Stock Exchange (NSE), Axis MF through its fund Axis MF A/c Axis Small Cap Fund bought 26 lakh shares of Ananth Raj Industries at an average price of Rs 368.

This took the deal value to Rs 95.68 crore.

Ananth Raj shares closed 1.02 per cent higher at Rs 372.55 per share on the NSE on Monday.