ICICI Securities Primary Dealership has offloaded a 0.6 per cent stake in AceVector, the parent company of e-commerce marketplace Snapdeal, through open-market transactions on October 14.
AceVector shares appeared to react to the bulk deal, falling 5.28 per cent to Rs 26.18 on the National Stock Exchange and extending their decline for a third consecutive session. The stock has shed more than 21 per cent from its high of Rs 33.27 on October 8.
ICICI Securities Primary Dealership sold 32.91 lakh shares, representing 0.6 per cent of AceVector’s paid-up equity, for Rs 8.6 crore at Rs 26.27 per share.
India Max Investment Fund sells 0.53% stake in Devson Catalyst
India Max Investment Fund sold 72,000 equity shares, representing 0.53 per cent of paid-up equity, in Devson Catalyst, a Gujarat-headquartered manufacturer of catalysts, adsorbents and ceramic bed supports. The shares were sold for Rs 2.75 crore at Rs 382.50 apiece.