Vadilal Industries melts down

about 11 months ago
No Image

Vadilal Industries, which had closed yesterday at rs.588.65, went on to open higher at Rs.595 but soon slumped down to hit a new 19-month low at Rs 516.50.

The stock tanked on news that an ace investor in the company, Ashish Kacholia has further pared his stake in the company from 7.21% held earlier to around 5% now.

He has sold 3.62 lakh equity shares for Rs.22.13 crore through open market transactions at Rs.612.18 on the NSE and Rs.604.05 on the BSE.

Popular Comments