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Edelweiss group firm buys stake worth Rs 97 cr in Techno Electric & Engineering Co

Ecap picked up 35 lakh shares, amounting to 3.11 percent stake in the engineering firm, according to the bulk deal data available with the NSE.


PTI Last Updated at 07 Aug 2018, 19:08 IST India
Edelweiss group firm buys stake worth Rs 97 cr in Techno Electric & Engineering Co

Edelweiss group firm Ecap Equities today bought over 3 percent stake in Techno Electric & Engineering Company for Rs 97 crore, through open market transactions.

Ecap picked up 35 lakh shares, amounting to 3.11 percent stake in the engineering firm, according to the bulk deal data available with the NSE.

Of the 35 lakh shares, 20 lakh were purchased at an average price of Rs 279.11, while 15 lakh were bought at a price of Rs 277.47 apiece.

The combined value of the two transactions stood at Rs 97.44 crore.

Among the sellers of the shares was J P Financial Services.

Techno Electric & Engineering Company's stock ended 9.41 percent down on the NSE at Rs 258.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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