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SmallCap World Fund sells 1.42% stake in Supreme Industries

New Delhi, Apr 10 (PTI) Foreign investor SmallCap World Fund..

New Delhi, Apr 10 (PTI) Foreign investor SmallCap World Fund Inc today sold 18 lakh shares of Supreme Industries for nearly Rs 217 crore, through an open market transaction.

Supreme Industries offers wide range of plastic products with a variety of applications in moulded furniture, storage and material handling products, industrial moulded products and protective packaging products, among others.

According to the bulk deal data available with NSE, SmallCap World Fund Inc offloaded 17,99,545 shares or 1.42 per cent stake in Supreme Industries.

The shares were disposed of at a price of Rs 1,205 apiece, valuing the transaction at Rs 216.85 crore, the data showed.

The buyer(s) of the shares could not be ascertained immediately.

Supreme Industries stock ended the day down 0.95 per cent on NSE at Rs 1,206.

Original Article


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