MUMBAI: Eastspring Investments India Consumer Equity Open Fund sold 2.75 million shares of Burger King India at Rs 154.92 through a bulk deal on the National Stock Exchange today.
The stake sale by Eastspring India comes as the lock-in period for anchor investors, who participated in the company’s initial public offering last month, has ended. Shares of the company closed 10 per cent lower at Rs. 150.15.
In another deal, Rakesh Jhunjhunwala’s RARE Enterprises transferred the ownership of 5 million shares of Fortis Healthcare to the prominent investor’s personal portfolio via a bulk deal on the BSE at Rs. 179.4 apiece.
The data for block deals was not updated on the NSE and BSE’s website at the time of publishing.
ETMarkets.com
