FID Funds (Mauritius) has sold 4.54 lakh shares of Apar Industries through the open market route. The shares were sold on an average price of Rs 560 valuing the transaction to Rs 25.43 crore. On the other hand, Ocean Dial Gateway to India Mauritius has bought 4.85 lakh shares in the company for an average price of Rs 560, through open market route valuing the transaction at Rs 27.16 crore.
Apar Industries is engaged in the manufacturing of transmission & distribution overhead conductors transformer and specialty oils and power and other cables. AIL has three broad business segments - Transformer and Speciality Oils (TSO) segment, conductors segment and cables segment.
