Latest News | Standard Chartered Sells CG Power Shares Worth Rs 298 Cr

New Delhi, Sep 7 (PTI) Standard Chartered Bank (Singapore) Ltd offloaded 1.38 crore shares of CG Power and Industrial Solutions shares for Rs 298 crore on Wednesday through an open market transaction.

According to block deal data available with BSE, Standard Chartered Bank (Singapore) Ltd sold 1,38,45,000 shares in six tranches, amounting to a 0.91 per cent stake in the company.

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The shares were disposed of at an average price of Rs 215 apiece, taking the transaction value to Rs 297.66 crore.

Meanwhile, Societe Generale, DSP Mutual Fund and HDFC Life Insurance company Ltd picked up the shares of the company.

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Shares of CG Power and Industrial Solutions closed 1.65 per cent higher at Rs 219.25 on 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)