Former promoter sells 9% stake in AkzoNobel India for ₹1,296 crore
Imperial Chemical Industries sold a 9% stake in AkzoNobel India for ₹1,296 crore, while Goldman Sachs Asset Management increased its holding to 1.79% after acquiring a 0.74% stake for ₹105 crore. The transactions may impact market sentiment around the company.
after close1 source ↓written by the desknot a recommendation
- sold
- 9% stake
- on 17 Dec
- ₹1,296 cr
- at an average
- 40.97 lakh shares
- each
- ₹3,163.50
- stake
- 0.74%
Imperial Chemical Industries, a former promoter of AkzoNobel India, sold a 9% stake for ₹1,296 cr on 17 Dec 2023. The transaction involved over 40.97 lakh shares at an average price of ₹3,163.50 each.
Goldman Sachs Asset Management acquired 0.74% stake, increasing its holding to 1.79% after purchasing 3.35 lakh shares for ₹105 cr at ₹3,150 per share. This activity may influence market sentiment around AkzoNobel India.
Not investment advice. For informational purposes only.