Credit Suisse divests 0.65 mn shares of Vijay Mallya-owned United Spirits for Rs 82 cr

SME News, Saturday, Oct 06, 2012 15:15:06 PM IST

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MUMBAI: Credit Suisse (Singapore) Ltd, a foreign fund house divested 6.54 lakh shares of Vijay Mallya-owned United Spirits Ltd for over Rs 82 crore through open market transaction.

As per the bulk data available with stock exchanges, Credit Suisse (Singapore) which is a stakeholder in United Spirits Ltd offloaded 6.54 lakh shares of the company for Rs 1,254.26 apiece valuing the deal to Rs 82.09 crore.

As of the June quarter, Credit Suisse (Singapore) held 29.57 lakh shares or 2.26 per cent stake in the company.

In a separate bulk deal, HSBC Global Investment Fund Mauritius Ltd sold 6.4 lakh shares of batteries and flashlights maker Eveready Industries India for deal valuing Rs 1.30 crore.

The HSBC Global Investment Fund Mauritius Limited offloaded 6.4 lakh shares of the of batteries and flashlights maker for Rs 20.34 apiece, valuing the deal at Rs 1.30 crore.

Earlier this week, HSBC Global Investment Fund Mauritius Ltd had sold 5 lakh shares of Eveready Industries for a deal worth Rs 1.02 crore.

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Credit Suisse divests 0.65 mn shares of Vijay Mallya-owned United Spirits for Rs 82 cr

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