Coastal Corporation zooms 20% after Barclays Securities India buys stake

On Monday, June 7, 2021, Barclays Securities India Pvt Ltd purchased 220,174 shares, representing 2.07 per cent of total equity of Coastal Corporation, at price of Rs 249.15 per share

Shares of Coastal Corporation zoomed 20 per cent to Rs 328.80 on the BSE in intra-day trade on Tuesday after Barclays Securities India acquired 2 per cent stake in the packaged foods company via open market.

On Monday, June 7, 2021, Barclays Securities India Pvt Ltd purchased 220,174 shares, representing 2.07 per cent of Coastal Corporation's total equity, at price of Rs 249.15 per share vial block deal on the BSE, the exchange data shows.

Barclays Securities India Pvt Ltd. offers various securities market related services in India. The services offered cater to the needs of both institutional