Prior to today’s share sale, LTS Investments held 5.58 per cent stake or 28.1 million shares in the auto component maker. The stake sale by LTS Investments comes in the wake of a 31 per cent surge in the share price of the company over the past one month.
Shares of JMT Auto, however, reacted positively to the deal as they closed nearly 10 per cent higher at Rs 3.40 on the NSE today.
Besides LTS Investments’ stake sale in JMT Auto, certain promoters of Simplex Infrastructure Ltd conducted an inter-se transfer of shares between them.
Anupriya Consultants Ltd and RBS Credit & Financial Developments Ltd transferred 7.3 million and 4.8 million shares, respectively, of Simplex Infra to Baba Basuki Distributors Pvt Ltd and Ajay Merchants Pvt Ltd in two separate block deals on the BSE.
Shares of Simplex Infrastructure ended 1.2 per cent lower at Rs 41.10 on the BSE today.
Here are all the BSE bulk deals:
Here are all the NSE bulk deals: