FMR LLC, FIL and subsidiaries cut 2.97% stake in V-mart

FMR LLC and FIL Ltd and their subsidiaries have reduced stake in retail chain V-mart Retail by 2.43 per cent, selling 4.39 lakh shares in the market.
FMR LLC and FIL Ltd and their subsidiaries, which had 5.40 per cent stake earlier, brought down its shareholding in the company to 2.97 per cent by selling shares on July 20, V- Mart said in a filing to BSE.
Based on weighted average price of the stock on July 20 at Rs 1,145.71 apiece, the transactions is estimated to have valued at Rs 50.38 crore.
Shares of V-Mart closed at Rs 1,173.10 apiece, down 3.49 per cent, on BSE.