Power Ventures Holdings divests 2% stake in Easun Reyrolle

Power Ventures Holdings India -- one of non-promoter shareholders of Easun Reyrolle, has reduced its stake in the company by selling 420,415 equity shares or 2% of paid up equity capital through an open market transaction.

Power Ventures Holdings India sold 110,211 shares on the Bombay Stock Exchange (BSE) and 310,204 shares on the National Stock Exchange (NSE) at Rs 64.50 apiece, which aggregated more than Rs 2.7 crore. As of June 2013, Power Ventures’ shareholding stood at 7.87% and hence after selling one-fourth of its total stake, the holding reduced to 5.87%.

Easun Reyrolle established in 1980, is a leading Company providing complete range of Power Management Products, Systems, Solutions and Services spread across Generation, Transmission, Distribution and Industrial Application Segments.