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Promoter Mala Relan cuts stake in Sharda Motor
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Mala Relan sold shares of Sharda Motor Industries worth 499 crore in a block deal on NSE Wednesday. Relan sold 25 lakh shares at 1,996 apiece.
Relan held 8.76% stake as on March 31. Nippon India MF, Edelweiss MF, HSBC MF, ICICI Prudential MF and Axis Smallcap Fund were among the buyers.
Shares of Sharda Motor rose 3.13% to 2,060. In last one month, the shares gained 31.53% against an up-move of 8.73% in BSE Smallcap Index.
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. Read more on economictimes.indiatimes.com
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