CRB Trustee A/C CRB Mutual Fund has offloaded 1.53% stake in Ashirwad Steels and Industries for Rs 5.80 lakh. CRB has sold 0.19 million shares at a price of Rs 3.01 on the BSE.
As on December 31, 2013, the promoters holding in the company stood at 44.38% while Institutions and Non-Institutions held 0.07% and 55.55% respectively.
Ashirwad Steels manufactures and supplies sponge iron used in manufacturing finished steel. Under its bottling business, the company is engaged in bottling of hydrocarbon gas and liquefied petroleum gas (LPG).