New Delhi, Dec 5 (PTI) A promoter entity of TVS Motor Company on Monday offloaded 25.69 lakh shares of the company for Rs 262 crore through an open market transaction.

According to the bulk deal data available with the BSE, Srinivasan Trust sold 25,69,726 shares, amounting to 0.54 per cent stake in the company.

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The shares were disposed of at an average price of Rs 1,020.03 per scrip, taking the transaction value to Rs 262 crore.

As of quarter ended September, Srinivasan Trust held 0.54 per cent stake in the company, shareholding data showed with the exchange.

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Shares of TVS Motor Company closed 3.01 per cent lower at Rs 1,017.75 per piece on BSE.

In a separate transaction, Sequoia Capital India Investments IV, an affiliate of Sequoia Capital India sold shares of Go Fashions (India) Ltd for Rs 228 crore through an open market transaction.

Sequoia Capital India Investments IV offloaded 20 lakh scrips of the company at an average price of Rs 1,140.14 per piece, taking the transaction value to Rs 228 crore, as per the bulk deal data available with the National Stock Exchange (NSE).

On Monday, Canara Robeco Mutual Fund acquired 3.2 lakh shares of the company.

Shares of Go Fashion (India) closed 5.08 per cent lower at Rs 1,136 per share on NSE.

(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)