Home Business Shankara Constructing MD offloads co’s shares for over Rs 75 crore

Shankara Constructing MD offloads co’s shares for over Rs 75 crore

Shankara Constructing MD offloads co’s shares for over Rs 75 crore

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Shankara Constructing Merchandise Ltd’s Managing Director Sukumar Srinivas on Monday offloaded over 10 lakh shares of the corporate for Rs 75 crore via an open market transaction.

In line with the block deal knowledge on NSE, he bought 10 lakh shares at a mean worth of Rs 755 apiece. This took the overall deal worth to Rs 75.50 crore.

Srinivas, a promoter of the corporate, held 1.25 crore shares or 55.05 per cent stake within the agency on the finish of December 2021.

Individually, APL Apollo Mart purchased 10 lakh shares of Shankara Constructing on the identical worth.

On NSE, shares of Shankara Constructing ended 10.09 per cent larger at Rs 823.50 apiece.

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