Financial Daily from THE HINDU group of publications
Tuesday, Jul 19, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jul 19, 2005 |
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Markets
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Stocks RIL stock sees block deals worth Rs 525 cr Our Bureau
Mumbai , July 19 RELIANCE Industries stock today witnessed multiple block deals on BSE and NSE valued at more than Rs 525 crore. One deal was struck for 59.9 lakh shares at Rs 663.30 per share on BSE and another deal of 20 lakh shares at Rs 663.10 a share on NSE. These two deals together represented 0.58 per cent of the company's equity. No disclosure about the block deal was made to the stock exchanges. Brokers said the deal could be internal transfer within the Ambani family or between institutional investors. There was no official communication from RIL on the deal. Brokers were clueless about the identity of buyers and sellers. At the end of the day, RIL shares closed at Rs 661.25 down 0.8 per cent on BSE with a volume of 79.84 lakh shares and on NSE it closed at Rs 661.80, down 0.73 per cent with a volume of 78.39 lakh shares. Out of this, 82.32 per cent shares were for delivery on BSE and 53.16 per cent on NSE.
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