BPCL Trust sells shares worth ₹5,524 cr
March 09, 2021
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BPCL Trust on Tuesday sold 12.60 crore shares in open market through a bulk deal on the NSE at an average price of ₹438.41, valuing the deal size at ₹5,523.97 crore. As the deal was done at a much lower to the Monday s closing price, the stock crashed to a low of ₹437.75 on the NSE, but recovered slightly to close at ₹445.90, still down 4.46 per cent from the previous day s close of ₹466.70.
Earlier, a sub-committee of the board of directors of BPCL had approved the sale of 15.90 crore shares held by BPCL Trust for Investment in Shares.