Mauritius-based foreign portfolio investor Elysian Wealth Fund on Thursday sold 2.4 percent equity stake in Forbes & Company, a part of the Shapoorji Pallonji Group, via open market transactions.
As per the bulk deals on November 5, Elysian Wealth Fund offloaded 3.14 lakh equity shares in Forbes & Company for Rs 8.47 crore at a price of Rs 270.04 apiece.
This represented 2.43 percent of paid-up equity of the company, out of 4.95 percent stake (6.39 lakh shares) held by Elysian Wealth Fund as per the latest shareholding pattern.
On other side, Resonance Opportunities Fund sold same number of shares in Forbes & Company for Rs 8.48 crore at a price of Rs 270.19 per share.
The stock price ended at Rs 297.1 on the BSE, up 2.32 percent accompained by above-average volumes.