A2Z Maintenance and Engineering Services is trading lower by 3.2% at Rs 25.55, its lowest value since its listing in December 2010, after investor and trader Rakesh Jhunjhunwala and his family sold partial stake in the company through open market transaction.
“Rakesh Jhunjhunwala, along with Rajeshkumar Jhunjhunwala, Rekha Jhunjhunwala and Sushila Gupta collectively sold 1.03 million shares representing 1.39% stake in the company on March 7 and March 8,” according to disclosure made by the company on NSE.
Post sale, the combined holding of these entities has declined to 19.91% from 21.29%, the company said.
Meanwhile, the promoters hold 44.68% stake in the company as on December 31, 2012, have pledged 45.57% stake of their holding, the shareholding pattern data shows.
The stock has underperformed the market by falling 54.4% on BSE compared to around 1% rise in benchmark Sensex so far in current calendar year 2013.
Today, the stock opened at Rs 27.20 and hit a high of Rs 27.50 on BSE. A combined 1.8 million shares have changed hands on the counter so far on BSE and NSE.
“Rakesh Jhunjhunwala, along with Rajeshkumar Jhunjhunwala, Rekha Jhunjhunwala and Sushila Gupta collectively sold 1.03 million shares representing 1.39% stake in the company on March 7 and March 8,” according to disclosure made by the company on NSE.
Post sale, the combined holding of these entities has declined to 19.91% from 21.29%, the company said.
Meanwhile, the promoters hold 44.68% stake in the company as on December 31, 2012, have pledged 45.57% stake of their holding, the shareholding pattern data shows.
The stock has underperformed the market by falling 54.4% on BSE compared to around 1% rise in benchmark Sensex so far in current calendar year 2013.
Today, the stock opened at Rs 27.20 and hit a high of Rs 27.50 on BSE. A combined 1.8 million shares have changed hands on the counter so far on BSE and NSE.