Latest News | Profusion Investment Advisors Sells Timken India Shares for Rs 561 Crore

New Delhi, Nov 30 (PTI) Profusion Investment Advisors LLP on Thursday sold shares of Timken India for Rs 561 crore through an open market transaction.

According to the bulk deal data available with the BSE, Profusion Investment Advisors LLP offloaded more than 19.40 lakh shares representing 2.6 per cent stake in Timken India.

Also Read | AIBE 18 2023 Admit Card: Bar Council of India Likely To Release Hall Ticket for December 10 Examination Soon at allindiabarexamination.com, Know How To Download.

The shares were disposed of at an average price of Rs 2,890.41 apiece, taking the deal value to Rs 560.91 crore.

Details of buyers of the shares could not be ascertained.

Also Read | UPSC Recruitment 2023: Vacancies Notified for Assistant Director General and Other Posts, Apply Online at upsconline.nic.in.

On Thursday, shares of Timken India gained 0.18 per cent to close at Rs 2,938.25 apiece on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)