New Delhi, Feb 19 (PTI) Bela Agarwal, a retail individual investor, on Monday divested her entire 4.54 per cent stake in Minda Corporation for Rs 437 crore through open market transactions.

Aditya Birla Sun Life Mutual Fund (MF), Motilal Oswal MF, Mahindra Manulife MF, Kotak Mahindra MF, Axis MF, Societe Generale and Monika Garware were the buyers of these shares.

Also Read | NHAI Removes Paytm Payments Bank From List of Authorised Banks for FASTag Services; Know How to Deactivate and Open New FASTag Account.

According to the block deal data available on the BSE, Bela Agarwal sold a total of 1,08,50,700 shares in seven tranches, amounting to a 4.54 per cent stake in Minda Corporation.

The shares were offloaded at an average price of Rs 403 apiece, taking the deal size to Rs 437.28 crore.

Also Read | KCET Exam 2024: Registration for Karnataka Common Entrance Test Examination Ends on February 20, Apply Online at kea.kar.nic.in.

On Monday, shares of Minda Corporation rose 4.64 per cent to close at Rs 425.05 apiece on the BSE.

Last month, Noida-based Minda Corporation had exited the automotive components maker Pricol by selling its entire 15.70 per cent stake in the company for Rs 658 crore.

(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)