Left Menu
Development News Edition

Fidelity sells Tata Communications shares worth over Rs 185 cr

PTI | New Delhi | Updated: 08-04-2020 20:08 IST | Created: 08-04-2020 20:08 IST
Fidelity sells Tata Communications shares worth over Rs 185 cr

Fund manager Fidelity on Wednesday offloaded more than 78 lakh shares worth over Rs 185 crore of Tata Communications Ltd through open market transactions. &nsp; As per the bulk deal data on NSE, a total of 78.94 lakh shares were sold by Fidelity Investment Trust. Shares were sold at an average price of Rs 235.01 apiece, taking the total deal value to Rs 185.52 crore.

Through separate transactions, East Bridge Capital Master Fund I Ltd and University of Notre Dame DU LAC picked up 44 lakh and over 15 lakh shares in Tata Communications respectively. Shares were purchased at a price of Rs 235 per share, with total deal value standing at Rs 138.69 crore.

According to Tata Communications's shareholding data for December 2019, Fidelity Investment Trust Fidelity Series Emerging Markets Fund and East Bridge Capital Master Fund I are public shareholders and held 2.34 per cent and 5.69 per cent stake in Tata Communications respectively. On NSE, shares of Tata Communications settled at Rs 265.9, surging 12.96 per cent over the previous close.


TRENDING

OPINION / BLOG / INTERVIEW

‘Discounted Deaths’ and COVID 19: Anthropology of Death and Emotions

Death is a social event rather than the mere cessation of biological functions. As seen by anthropologists, death is not just physical but intensely social, cultural, and political....

Indigenous knowledge of communities a must for maximizing impact of community work

Generally, it has been observed that the majority of the academicians in higher education institutions neglect the wisdom of community people and throw their weight around thinking that they know everything and the community knows nothing. ...

In rebuking FBR, Pakistan’s courts take a stand for public health

The system, if implemented effectively, will allow Pakistans revenue service to combat the illicit trade in tobacco products and potentially add hundreds of millions of dollars to the states budget each year. ...

Dissecting how COVID-19 is catalyzing the trajectory of New World Order

The ensuing pandemic of COVID-19 has hit the globalization in two ways firstly, shrinking the importance of globalization as an economic force by curtailing mobility through worldwide lockdowns, and secondly, rejuvenating the idea of indig...

Videos

Latest News

Ethiopian security forces accused of 39 extrajudicial killings

Ethiopian security forces in the Oromiya region have executed 39 opposition supporters and arrested at least 10,000 others accused of being members of an armed group since early 2019, Amnesty International said on Friday. The rights group s...

Trump says US terminating relationship with WHO; takes steps against China

US President Donald Trump on Friday said that America is terminating its relationship with the World Health Organization as he blamed it and China for the deaths and destruction caused by the COVID-19 pandemic across the globe. Stating that...

JD Gaming, Gen.G advance to knockout stage at Mid-Season Cup

JD Gaming and Gen.G each won a tiebreaker over DragonX on Friday to advance to the knockout stage of the League of Legends Mid-Season Cup. JD Gaming, who was the No. 1 seed in Chinas League of Legends Pro League, dropped the days opening ma...

Egypt confirms new daily record of 1,289 new coronavirus cases

Egypt registered 1,289 new coronavirus cases and 34 deaths, the health ministry said on Friday, marking another record of daily increases on both counts despite stricter curfew rules.That brought the total number of fatalities to 879 and co...

Give Feedback