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US-based retirement fund buys 64.64 lakh shares of Dish TV

The shares were purchased on an average price of Rs 49.25.

Written by Press Trust Of India | Mumbai | Published: July 30, 2013 8:14:13 pm

US-based College Retirement Equities Fund today picked up 64.64 lakh shares of direct to home (DTH) service provider Dish TV India for an estimated Rs 32 crore.

As per the bulk deal data available with the stock exchanges,College Retirement Equities acquired 64,64,500 shares of Dish TV India.

The shares were purchased on an average price of Rs 49.25 valuing the transaction to Rs 31.83 crore.

*Search: India Inc A,B,C

However,the seller of the shares could not be ascertained.

In a separate block deal,Trident Corp Ltd bought 10.37 lakh shares of Trident Ltd for Rs 79.37 lakh.

The shares were purchased from Mondrian Ltd for Rs 7.65 apiece.

Trident Ltd is the flagship company of USD 1 billion Trident Group and manufacturers terry towels,paper,yarn and chemicals.

At the BSE,shares of Dish TV plunged by 3.72 per cent to close at Rs 49.15 apiece,while Trident scrip grew 1.16 per cent to settle at Rs 7.84.

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