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Kodai Investment sells 13.88 lakh shares of Orient Abrasives

18 Nov 2013 Evaluate

Kodai Investment and Trading Company has offloaded 13.88 lakh shares constituting 1.16% of Orient Abrasives via block deal. The shares were sold at an average price for Rs 18 per share valuing the deal worth Rs 2.50 crore. As of September 2013, Kodai Investment and Trading Company held 1.52% stake in the company.

Orient Abrasives offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele. An in-house R&D facility supports the division’s product development initiatives.

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