 "Kotak sells 8 lakh Tata Coffee shares for Rs 71 cr")
Kotak Mahindra Prime sold three lakh shares on the BSE and another 5.05 lakh shares on the NSE, as per the bulk data available with the stock exchanges.
The shares were sold at an average price of Rs 880.71 apiece, taking the total value of the transaction to Rs 70.95 crore.
Also Read
Separately on the BSE, another Tata Coffee shareholder, Sharad Kantilal Shah, offloaded 1.08 lakh shares of the firm for Rs 9.72 crore.
Besides, Reliance Mutual Fund today acquired one lakh shares of Tata Coffee amounting to Rs 8.8 crore, on the BSE.
Meanwhile on the NSE, Reliance Regular Saving Fund bought two lakh shares of Tata Coffee in a transaction worth Rs 17.61 crore.
During the quarter ended March, 2013, Kotak Mahindra Prime held 5.10 lakh shares of Tata Coffee representing 2.73% stake in the company.
In the same quarter Shah held seven lakh shares (3.76% stake) in the company.
Shares of Tata Coffee today plunged 6.43% to close at Rs 1,029.45 apiece, on the BSE.