Through open market transactions on the stock exchanges, CLSA Mauritius sold 33.54 lakh shares (amounting to 0.78 per cent) of Essar Ports for an average price of Rs 83.84 apiece valuing the deal at Rs 28.12 crore.
In another transaction, the foreign fund house offloaded its entire stake of 1.28 per cent or 26.27 lakh scrips of Essar Shipping to Leman Diversified Fund. The shares were sold on an average price of Rs 21.25 aggregating to a deal size of Rs 5.58 crore, data from stock exchanges show.
Both the deals are together worth over Rs 33 crore. As of December quarter, CLSA Mauritius held 52.54 lakh shares or 1.23 per cent holding in Essar Ports.
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