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Standard Chartered Bank offloads CG Power shares of worth Rs 298 cr

The shares were disposed of at an average price of Rs 215 apiece, taking the transaction value to Rs 297.66 crore

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SCB offloads CG Power shares

Press Trust of India New Delhi

Standard Chartered Bank (Singapore) Ltd offloaded 1.38 crore shares of CG Power and Industrial Solutions shares for Rs 298 crore on Wednesday through an open market transaction.

According to block deal data available with BSE, Standard Chartered Bank (Singapore) Ltd sold 1,38,45,000 shares in six tranches, amounting to a 0.91 per cent stake in the company.

The shares were disposed of at an average price of Rs 215 apiece, taking the transaction value to Rs 297.66 crore.

Meanwhile, Societe Generale, DSP Mutual Fund and HDFC Life Insurance company Ltd picked up the shares of the company.

Shares of CG Power and Industrial Solutions closed 1.65 per cent higher at Rs 219.25 on BSE.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 07 2022 | 11:18 PM IST

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