Lux Industries falls 7% after over 4% equity changes hands via block deals

Shares of Lux Industries slipped 7 per cent to Rs 1,301 on the BSE on Monday after more than 4 per cent equity of the hosiery company changed hands via block deals.

Around 1.09 million equity shares, representing 4.31 per cent of total equity, of Lux Industries changed hands via two block deals on the BSE, the exchange data shows. The name of the buyers and sellers are not ascertained immediately.

Till 10:33 am, as many as 1.4 million shares or 5.5 per cent stake of the company changed hands on the BSE. On an average, sub 5,000 shares were traded daily