US-based Vontobel Fund has acquired 94.12 lakh shares or 6.26% stake in Westlife Development for an average price of Rs 341, through open market route valuing the transaction at Rs 320.93 crore.
Meanwhile, Bay Capital Investments, Bay Capital Investment Managers, India Discovery Fund and Decent Enterprises together offloaded about 88 lakh shares of Westlife Developers for Rs 300 crore through bulk deals.
At the end of August 17, 2013, Bay Capital Investments held 1.77 crore shares, amounting to 11.85 per cent stake of Westlife Developers, while Bay Capital Investment Managers held 65.43 lakh scrips or 4.36 per cent holding in the company during the period.
