Dec 17, 2013, 09.40 PM IST
According to BSE's block deal data, Ashok Leyland sold 18 lakh shares of IndusInd Bank to CPCI Mauritius. The shares were offloaded at an average price of Rs 417, valuing the transaction at Rs 75.06 crore.
Tags Ashok Leyland, IndusInd Bank, offloaded, Afrin Dia
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Ashok Leyland sells IndusInd Bank shares worth Rs 75 cr
According to BSE's block deal data, Ashok Leyland sold 18 lakh shares of IndusInd Bank to CPCI Mauritius. The shares were offloaded at an average price of Rs 417, valuing the transaction at Rs 75.06 crore.
Like this story, share it with millions of investors on M3
Ashok Leyland sells IndusInd Bank shares worth Rs 75 cr
According to BSE's block deal data, Ashok Leyland sold 18 lakh shares of IndusInd Bank to CPCI Mauritius. The shares were offloaded at an average price of Rs 417, valuing the transaction at Rs 75.06 crore.
According to BSE's block deal data, Ashok Leyland sold 18 lakh shares of IndusInd Bank to CPCI Mauritius. The shares were offloaded at an average price of Rs 417, valuing the transaction at Rs 75.06 crore.
Earlier in March, Hinduja group firm Ashok Leyland had offloaded 50 lakh shares of IndusInd Bank in a transaction worth more than Rs 216 crore.
The shares were bought by Afrin Dia, a foreign institutional investor.
As of September quarter, Ashok Leyland held 1.30 crore shares, amounting to 2.48 per cent stake, in the bank.
IndusInd Bank shares today closed at Rs 415.40 apiece on the BSE, down 0.22 per cent from the previous close.
Ashok Leyland stock price
On December 17, 2013, Ashok Leyland closed at Rs 15.55, down Rs 0.35, or 2.2 percent. The 52-week high of the share was Rs 28.05 and the 52-week low was Rs 11.82.
The company's trailing 12-month (TTM) EPS was at Rs 0.22 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 70.68. The latest book value of the company is Rs 16.74 per share. At current value, the price-to-book value of the company is 0.93.
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