T Rowe Price Buys Blue Star Shares Worth Rs 176 Crore Via Open Market
US-based investment firm T Rowe Price International Thursday bought shares of air-conditioner maker Blue Star Ltd worth over Rs 176 crore through an open market transaction.
New Delhi, May 16 (PTI) US-based investment firm T Rowe Price International Thursday bought shares of air-conditioner maker Blue Star Ltd worth over Rs 176 crore through an open market transaction.
According to bulk deal data available with the NSE, T Rowe Price bought over 23.54 lakh shares for Rs 176.54 crore, with the average price being Rs 750 per scrip.
Meanwhile, Aditya Birla Sun Life Mutual Fund sold a total of 23.60 lakh shares of Blue Star in two transactions for Rs 750 apiece.
Blue Star had reported over two-fold jump in its consolidated net profit at Rs 79.84 crore for the fourth quarter ended March 2019 from Rs 31.71 crore a year ago, driven by its electro-mechanical projects business.
Shares of Blue Star settled at Rs 723.40 apiece on the BSE, down 3.73 per cent from previous close.
(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)