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JP Morgan sells 41.17 lakh shares of Balrampur Chini Mills

20 May 2015 Evaluate

JP Morgan Indian Investment Company (Mauritius) has sold 41.17 lakh shares of Balrampur Chini Mills through the open market route. The shares were sold on an average price of Rs 43.50 valuing the transaction to Rs 17.91 crore.

Balrampur Chini is one of the largest integrated sugar manufacturers in India. Its business portfolio consists of manufacturing and marketing of sugar, ethyl alcohol, ethanol, generation and selling of power and also manufacturing and marketing of organic manure.

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