Hatsun Agro Product Ltd's biggest public shareholder, Shah Family LLC, today reduced their stake in the dairy firm by offloading 16.25 lakh shares for a little Rs 13 crore.
According to the bulk deal data available with the stock exchanges, Shah Family, which owned 4.73% or 50.88 lakh shares as of the September quarter, sold 16.25 lakh shares of the company to Integrated Registry Services Ltd.
The shares were sold on an average price of Rs 82 valuing the deal at Rs 13.32 crore.
Shah Family had offloaded 34.3 lakh shares of Hatsun Agro Product earlier this month for Rs 28.12 crore, which was picked by the dairy firm's chairman and managing director R G Chandramogan.
Prior to the share purchase, Chandramogan held 59.10% stake in the company at the end of September quarter.
Shares of the company closed at Rs 17.50 apiece, down 0.85% on BSE.
