Ashok Leyland sells 50 lakh IndusInd shares for Rs 216 cr

The shares were acquired by an entity named Afrin Dia,according to the block deal data with the stock exchanges.

Written by PTI | Mumbai | Published:March 15, 2013 10:46 pm

Commercial vehicles maker Ashok Leyland today sold 50 lakh shares of private lender IndusInd Bank in a transaction worth over Rs 216 crore.

The shares were acquired by an entity named Afrin Dia,according to the block deal data with the stock exchanges.

IndusInd shares were sold at an average price of Rs 432.5 apiece,aggregating to a total amount of Rs 216.25 crore.

At the end of December quarter,Hinduja group firm Ashok Leyland held 1.80 crore shares in the bank representing 3.45 per cent stake.

In the same period,Afrin Dia held 79 lakh shares amounting to 1.51 per cent stake in the bank.

Shares of IndusInd slipped 2.02 per cent to close at Rs 422 apiece on the BSE.

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