Sundaram MF A/C Capex Growth Fund has sold 607,276 shares of Elecon Engineering Company through an open market transaction valuing the deal around Rs 1.85 crore. The asset management company has sold the shares at Rs 30.50 per share on National Stock Exchange (NSE) on March 26, 2014.
Elecon Engineering Company is a market leader in the domestic gears segment with around 25% market share in the domestic transmission equipment segment.