Earth moving equipment major BEML today said foreign fund house FMR LLC has reduced its stake to 4.50 per cent in the company after selling shares worth about Rs 20.88 crore through an open market transaction.
Foreign investor FMR LLC has sold over 5.55 lakh shares worth Rs 20.86 crore, BEML said in a filing to the Bombay Stock Exchange.
Prior to the aforesaid sell-off FMR LLC held 6.13 per cent stake, which has now decreased to 4.80 per cent representing 19.98 lakh shares of BEML.
Shares of BEML were trading at Rs 352, down 2.41 per cent on the BSE.
