Major Shareholders Divest Rs 281 Crore in HG Infra Engineering

Three promoters of HG Infra Engineering sold shares worth Rs 281 crore through open market transactions. The shares were acquired by entities including Aditya Birla Sun Life Mutual Fund and Societe Generale. The shares were sold at an average price of Rs 1,566.5. HG Infra's stock price rose slightly to Rs 1,582.95.

Three promoters of HG Infra Engineering divested shares valued at Rs 281 crore via open market transactions. Notable acquirers included Aditya Birla Sun Life Mutual Fund and Societe Generale.

Block deal data on the BSE revealed that the Harendra Singh Family Trust, Vijendra Singh Family Trust, and Girishpal Singh Family Trust sold a total of 17,96,154 shares at an average price of Rs 1,566.5 each.

At the close of June, promoters and associated entities held a 74.53 per cent stake in the company. Share prices for HG Infra Engineering saw a minor increase of 0.05 per cent, closing at Rs 1,582.95 per share.

(With inputs from agencies.)