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    NSE-BSE bulk deals: L&T Finance exits CG Power; IndusInd offloads McLeod Russel

    Synopsis

    IndusInd Bank and Manju Gaggar sold 22,00,000 shares and 9,00,000 shares of McLeod Russel India at Rs 17.78 per share, while Niraj Rajnikant Shah bought 12,12620 shares of the company at the same price.

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    L&T Finance sold 41,293,778 shares of CG Power and Industrial Solutions on the BSE, and another 113,06,222 shares of the company on the NSE.
    Mumbai: After trimming its shareholding in Gautam Thaper-promoted CG Power and Industrial Solutions on Friday, L&T Finance sold its remaining stake in the company on Monday.

    On Friday, private equity giant KKR had also pared its stake in the company.

    Meanwhile, benchmark equity indices struggled for direction in Monday’s trade, but managed to close in the green, snapping a 3-day losing streak amid mixed global cues, and increasing signs that valuations may have run up ahead of fundamentals.

    Market barometer Sensex rose 0.46 per cent to close at 38,051 points, while peer Nifty climbed 0.72 per cent to close at 11,259 points.

    Here’s who bought and sold what in some of the key bulk and block deals of the day:
    >> L&T Finance sold 41,293,778 shares of CG Power and Industrial Solutions on the BSE, and another 113,06,222 shares of the company on the NSE. Blue Daimond Properties lapped up 41,293,778 of the company, while Singularity Holdings bought 35,00,000 shares. On Friday, too, L&T Finance had sold shares of the company.
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    At the end of June quarter, L&T Finance held 10 per cent stake in the company.

    >> IndusInd Bank and Manju Gaggar sold 22,00,000 shares and 9,00,000 shares of McLeod Russel India at Rs 17.78 per share, while Niraj Rajnikant Shah bought 12,12620 shares of the company at the same price.

    At the end of June, Gaggar held 4.88 per cent stake in the company.

    >> Jyotika Deepak Shenoy bought 20,000 shares of Roxy Exports at Rs 33.14 per share, while Veena Ranjith sold 32.193 shares of the company at Rs 33.13 per share.

    >> Aspire Emerging Fund sold 75,000 shares of Rushil Décor at Rs 105 per share.

    >> Swapnil Mehta bought 1,00,000 shares of Hind Rectifiers at Rs 160.74 per share.

    Here are all the BSE bulk deals:
    bse bulk deals (11)

    Here are all the BSE block deals:
    bse block deals (6)

    Here are all the NSE bulk deals:
    bulk deals nse



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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