Lunolux Ltd, a firm owned by Advent, sold 1,93,47,924 shares of Eureka Forbes at Rs 506.06 apiece, block deals data on the BSE showed. The sale was at a marginal discount to the previous closing price of the stock.
Goldman Sachs, Cassini Partners, Plutus Wealth Management, Morgan Stanley Asia, Aditya Birla Sun Life Insurance, Societe Generale, Hill Fort India Fund, BOFA Securities Europe SA were the buyers.
Get latest articles and stories on Latest News at LatestLY. Lunolux Ltd, promoter of Eureka Forbes, on Thursday divested a 10 per cent stake in the home appliances company for Rs 979 crore through an open market transaction. Latest News | Promoter Entity Lunolux Sells 10 Pc Stake in Eureka Forbes for Rs 979 Cr.
The floor price of the deal is set at ₹494.75 per share, with a maximum allowable discount of 3%. Shares of Eureka Forbes Ltd ended at ₹516, up by ₹23.05, or 4.68%, on the BSE.