Credit Suisse sells United Spirits shares

Agencies : Mumbai, Fri Oct 05 2012, 22:35 hrs

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Foreign fund house Credit Suisse (Singapore) Ltd today sold 6.54 lakh shares of Vijay Mallya owned United Spirits Ltd for little over Rs 82 crore through open market transaction.

According to the bulk data available with stock exchanges, Credit Suisse (Singapore) which is a stakeholder in United Spirits Ltd offloaded 6.54 lakh shares of the company for Rs 1,254.26 apiece valuing the deal to Rs 82.09 crore.

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

As of the June quarter, Credit Suisse (Singapore) held 29.57 lakh shares or 2.26 per cent stake in the company.

In a separate bulk deal, HSBC Global Investment Fund Mauritius Ltd sold 6.4 lakh shares of batteries and flashlights maker Eveready Industries India for deal valuing Rs 1.30 crore.

The HSBC Global Investment Fund Mauritius Ltd offloaded 6.4 lakh shares of the of batteries and flashlights maker for Rs 20.34 apiece, valuing the deal at Rs 1.30 crore.

As of quarter ending June, HSBC Global Investment Funds (Mauritius) Ltd held 5.57 per cent stake in Eveready Industries.

Earlier this week, HSBC Global Investment Fund Mauritius Ltd had sold 5 lakh shares of Eveready Industries for a deal worth Rs 1.02 crore.

At the BSE, United Spirits shares were up 0.56 per cent to close at Rs 1,261.05 apiece, while the stock of Eveready Industries slumped 3.77 per cent to settle at Rs 20.40 apiece.

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