RR Kabel's Public Shareholder Sells Stake To Exit Company

RR Kabel Ltd.'s public shareholder exited the company by offloading a 4.99% stake for Rs 958.17 crore through an open market transaction on Thursday, according to block deal data on BSE. TPG Asia VII SF Pte sold 56.33 lakh shares at Rs 1,701 per share.

Mirae Asset Mutual Fund bought 11.46 lakh shares (1.01%), while HDFC Standard Life Insurance mopped up 8.5 lakh shares (0.75%) and Edelweiss Mutual Fund acquired 5.29 lakh shares (0.46%).

Societe Generale, Goldman Sachs Singapore Pte, Morgan Stanley Asia Singapore Pte and DSP India Fund are among the other buyers.

Shares of RR Kabel closed 0.06% lower at Rs 1,717.15 apiece on the BSE, as compared with a 0.83% fall in the benchmark Sensex.