Shankara Building MD Offloads Co's Shares For Over Rs 75 Crore

Shankara Building Products Ltd's Managing Director Sukumar Srinivas on Monday offloaded over 10 lakh shares of the company for Rs 75 crore through an open market transaction.

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Shankara Building | shares

Shankara Building MD offloads co's shares for over Rs 75 crore

Products Ltd's Managing Director Sukumar Srinivas on Monday offloaded over 10 lakh of the company for Rs 75 crore through an open market transaction.

According to the block deal data on NSE, he sold 10 lakh at an average price of Rs 755 apiece. This took the total deal value to Rs 75.50 crore.

Srinivas, a promoter of the company, held 1.25 crore or 55.05 per cent stake in the firm at the end of December 2021.

Separately, APL Apollo Mart bought 10 lakh shares of at the same price.

On NSE, shares of ended 10.09 per cent higher at Rs 823.50 apiece.

(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: Mon, March 21 2022. 21:59 IST

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