A promoter entity of TVS Motor Company on Monday offloaded 25.69 lakh shares of the company for ₹262 crore through an open market transaction.
According to the bulk deal data available with the BSE, Srinivasan Trust sold 25,69,726 shares, amounting to a 0.54 per cent stake in the company.
The shares were disposed of at an average price of ₹1,020.03 per scrip, taking the transaction value to ₹262 crore.
As of the quarter ended September, Srinivasan Trust held a 0.54 per cent stake in the company, shareholding data showed with the exchange.
Shares of TVS Motor Company closed 3.01 per cent lower at ₹1,017.75 per piece on BSE.
In a separate transaction, Sequoia Capital India Investments IV, an affiliate of Sequoia Capital India sold shares of Go Fashions (India) Ltd for ₹228 crore through an open market transaction.
Sequoia Capital India Investments IV offloaded 20 lakh scrips of the company at an average price of ₹1,140.14 per piece, taking the transaction value to ₹228 crore, as per the bulk deal data available with the National Stock Exchange (NSE).
On Monday, Canara Robeco Mutual Fund acquired 3.2 lakh shares of the company.
Shares of Go Fashion (India) closed 5.08 per cent lower at ₹1,136 per share on NSE.