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Minda Corp. has exited Pricol Ltd. by selling its entire stake of 15.7% for Rs 657 crore via open market transactions.
The company sold 1.91 crore equity shares of Pricol’s total issued and paid-up equity share capital at Rs 343.60 apiece, it said in an exchange filing on Wednesday.
Minda Corp sold 1,91,22,458 shares of Pricol at an average price of Rs 345 apiece for approximately Rs 660 crore, according to bulk deals data on the exchanges.