The recovery officer of Debt Recovery Tribunal (DRT) has offloaded shares worth Rs 50 lakh of McDowell Holdings through an open market transaction. According to the bulk deal data on the NSE, Recovery Officer, DRT, sold 1.1 lakh shares of McDowell Holdings at an average price of Rs 45.45 apiece. This translated into a total deal value of Rs 49.99 lakh.
McDowell Holdings (formerly known as McDowell India Spirits) is essentially a financing/investment company having strategic investments in other companies, which were / are engaged in the business of Property Development & Exports, Manufacture and Sale of Beer, Chemicals & Fertilizers, etc.