Videocon Industries today purchased 5.5 lakh shares of ship-builder ABG Shipyard for over Rs 20 crore from one of
its own group companies through open market transactions.
Nippon Investment and Finance, one of the promoter of Videocon Industries, sold 5.5 lakh shares of the private shipbuilder firm. As
on June 30, 2012, Nippon held 8.27 lakh shares or 1.62% stake in ABG Shipyard.
The shares were sold at an average price of Rs 366 apiece in a bulk deal worth about Rs 20.13 crore.
At the end of the June quarter, Nippon held 0.25% stake in Videocon Industries as a promoter group entity.
In a separate bulk deal, Morgan Stanley Asia (Singapore) Pte acquired 5 lakh shares of Claris Lifesciences for Rs 217.89 apiece translating
into a deal worth Rs 11 crore.
However, seller of the shares could not be ascertained.