 "Amtek Auto dips on FIIs selling")
Shares of Amtek Auto has dipped 9% to Rs 28.80, extending its Thursday’s 35% fall on the National Stock Exchange (NSE) after foreign institutional investors (FIIs) sold nearly four million equity shares of the company through open market.
On September 3, the Swiss Finance Corporation (Mauritius) sold 2.74 million shares at Rs 35.88 per share, while Barclays Capital Mauritius sold 1.22 million shares at Rs 36.50 per share on the NSE, the bulk deal data shows.
As of June 2015, Swiss Finance Corporation (Mauritius) held 6.04 million or 2.74% stake in Amtek Auto, the shareholding pattern data shows.
The stock opened at Rs 29 and touched a low of Rs 25.20, its lowest level since September 2001 on the NSE.
The counter has seen huge trading volumes with a combined 32.4 million shares representing 14.7% of total equity of Amtek Auto changed hands on the NSE and BSE till 10:47 AM.
On September 3, the Swiss Finance Corporation (Mauritius) sold 2.74 million shares at Rs 35.88 per share, while Barclays Capital Mauritius sold 1.22 million shares at Rs 36.50 per share on the NSE, the bulk deal data shows.
As of June 2015, Swiss Finance Corporation (Mauritius) held 6.04 million or 2.74% stake in Amtek Auto, the shareholding pattern data shows.
The stock opened at Rs 29 and touched a low of Rs 25.20, its lowest level since September 2001 on the NSE.
The counter has seen huge trading volumes with a combined 32.4 million shares representing 14.7% of total equity of Amtek Auto changed hands on the NSE and BSE till 10:47 AM.