 "Infosys extends fall after Aberdeen reduces stake")
Infosys has dipped 1.4% to Rs 1,151, extending its 3% decline in past two trading sessions on the BSE, after Aberdeen Asset Management Asia reduced its stake in the company by selling 5.626 million shares via open market.
Infosys said that Aberdeen Asset Management Asia sold 5.626 million equity shares representing 0.24% stake through open market sale on April 7.
Post transaction, Aberdeen Asset Management Asia, on behalf of funds advised/managed, declined to 3.04% from 3.29% earlier. The name of the buyers not ascertained.
The stock has corrected nearly 8% from its all-time high of Rs 1,250 touched on April 4 in intra-day trade as compared to 3% decline in the S&P BSE Sensex.
Meanwhile, the board of directors of Infosys will meet on Friday, April 15, to consider the audited financial results of the company for the quarter and year ended March 31, 2016.
At 10:45 am, the stock was down 0.62% at Rs 1,160 on the BSE. A combined 572,609 shares changed hands in the counter on the BSE and NSE.
Infosys said that Aberdeen Asset Management Asia sold 5.626 million equity shares representing 0.24% stake through open market sale on April 7.
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Post transaction, Aberdeen Asset Management Asia, on behalf of funds advised/managed, declined to 3.04% from 3.29% earlier. The name of the buyers not ascertained.
The stock has corrected nearly 8% from its all-time high of Rs 1,250 touched on April 4 in intra-day trade as compared to 3% decline in the S&P BSE Sensex.
Meanwhile, the board of directors of Infosys will meet on Friday, April 15, to consider the audited financial results of the company for the quarter and year ended March 31, 2016.
At 10:45 am, the stock was down 0.62% at Rs 1,160 on the BSE. A combined 572,609 shares changed hands in the counter on the BSE and NSE.