Ashok Leyland has offloaded shares worth Rs 207 crore in IndusInd Bank on March 18, 2014, through a combination of bulk deal and normal trading.
The company has sold 31.25 lakh shares at the rate of Rs 476.82 a share totalling to Rs 149 crore. Moreover, the company has offloaded 12.50 lakh shares at the rate of Rs 467.85 each, amounting to Rs 58 crore and these shares were acquired by Credo India Thematic Fund.
In another transaction, according to National Stock Exchange data IDL Speciality Chemicals Ltd, a pharma firm which was acquired by Hinduja Ventures in 2010 acquired shares worth Rs 11.72 crore in Indusind Bank. The company acquired 2.50 lakh shares at Rs 469 a share, which was sold by Grand Investors.
As of December 2013, promoter and promoter Group and foreign investors were holding 15.24% each in IndusInd Bank, while the public was holding 72.42%, FIIs 41.3%, Institutions 48.37%, non-institutions 24.05% and the balance was with others.
