Samvardhana Motherson tanks 9% after 5% equity change hands via block deals

Shares of Samvardhana Motherson International tumbled 9 per cent to Rs 69.55 on the National Stock Exchange (NSE) in Thursday’s intra-day trade after nearly 5 per cent equity of the auto components & equipments company changed hands.

Till 09:18 AM; around 305.61 million equity shares representing 4.5 per cent of total equity of Samvardhana Motherson had changed hands on the NSE. Meanwhile, on the BSE, around 14.73 million shares or 0.22 per cent of total equity of the company changed hands, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

As per