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Shriram Transport tanks 6% after reports of Piramal selling entire stake in co.


Date: 17-06-2019
Subject: Shriram Transport tanks 6% after reports of Piramal selling entire stake in co
Shares of NBFC Shriram Transport Finance Corporation fell 6.5 percent intraday on June 17 after about 10 percent equity changed hands via block deals in early trade on the NSE.

The stock was quoting at Rs 1,036.45, down Rs 45.10, or 4.17 percent on the BSE at 0926 hours IST.

CNBC-TV18 quoting sources reported that about 10 percent equity worth Rs 2,305 crore exchanged hands on NSE at around Rs 1,000-1,023 per share.

The news channel learnt that Piramal Enterprises might have sold the entire 10 percent stake in Shriram Transport, which could be ahead of the merger in Shriram Group companies, though officially there is no news.

"When we come to Parliament, we should forget Paksh (treasury) and Vipaksh (opposition). We should think about issues with a 'nishpaksh' (non-partition) spirit and work in the larger interest of the nation," he said.

Modi also said the new House has a high number of women MPs.

"My experience suggests that when the Parliament functions smoothly, we are able to fulfil numerous aspirations of the people of India," he said.

Source: moneycontrol.com

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