Cresta Fund has sold 56.50 lakh shares of Mercator through the open market route. The shares were sold on an average price of Rs 22.92 valuing the transaction to Rs 12.94 crore.
On the other hand, Asia Investment Corporation Mauritius has bought 47.50 lakh shares in the company for an average price of Rs 23.09, through open market route valuing the transaction at Rs 10.96 crore.
Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.
