Ganesh Housing slips on share sale by foreign fund

Merrill Lynch Capital Markets Espana SA SV sold 5,79,213 shares of Ganesh Housing Corporation Ltd at Rs 105.05 on Friday on the NSE

Shares of Ganesh Housing were down nearly 3% at Rs 112 after a foreign fund offloaded shares of the company through a bulk deal at a discount to the market price on the National Stock Exchange.

Merrill Lynch Capital Markets Espana SA SV sold 5,79,213 shares of Ganesh Housing Corporation Ltd at Rs 105.05 on Friday, March 13, 2015, as per data available on the National Stock Exchange. The stock closed at Rs 115.30 on Friday.

Foreign Institutional Investors held 10.49% or 34,28,000 shares of the paid-up capital of the company for the quarter ended December 31, 2014, as per stock exchange data.

The stock opended at Rs 117.15 and touched a low of Rs 110.25. At 11:10AM, over 43,000 shares were traded on both the stock exchanges.