Blackstone arms sell 3.55 cr shares of Allcargo for Rs 640 cr

Four Blackstone entities today offloaded over 3.55 crore shares of Allcargo Logistics for more than Rs 640 crore.

As per the bulk deal data available with BSE, Blackstone Gpv Capital Partners Mauritius V-A sold 1,08,98,874 shares or 4.44 per cent stake, Blackstone Gpv Capital Partners (Mauritius) V-K offloaded 1,08,68,124 shares, 4.42 per cent stake.

Other two arms, Blackstone Gpv Capital Partners (Mauritius) V-L sold 93,38,141 scrips amounting to 3.80 per cent and Blackstone Gpv Capital Partners (Mauritius) V-M disposed of 44,76,334 shares or 1.82 per cent stake.

According to the data, a total of 3,55,81,473 shares of Allcargo were sold by the four firms at an average price of Rs 180 apiece, valuing the transaction at Rs 640,46,65,140.

The buyers of the shares include: SBI Mutual Fund, Birla Sun Life Mutual Fund, Kotak Mahindra Mutual Fund, BNP Paribas Arbitrage and Morgan Stanley (France) S.A.S.

The shares of Allcargo Logistics settled on BSE at Rs 190.80 apiece, up 5.97 per cent from the previous close.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)