RBS sells shares in 3 firms for Rs 53 cr

Royal Bank of Scotland (RBS) today offloaded a total of 50.66 lakh shares in three firms --Karnataka Bank, Welspun Corp and Sintex Industries -- for over Rs 53 crore.

These shares were sold through three separate bulk deals on the stock exchanges.

As per data available with the bourses, The Royal Bank of Scotland NV London Branch sold 14.04 lakh shares of Karnataka Bank for Rs 165.31 apiece, valuing the deal size to Rs 23.20 crore.

Besides, RBS shed 17.94 lakh scrips of Welspun Corp on an average price of Rs 102.27 in a deal worth Rs 18.34 crore.

Additionally, RBS sold 18.68 lakh shares of Sintex Industries for Rs 64.13 apiece translating the transaction size to about Rs 20 crore.

However, buyers of the shares could not be ascertained.

Meanwhile, VCM Ltd Mauritius sold 15.40 lakh shares of realty player Parsvnath Developers for a liitle over Rs 6 crore.

These shares were purchased by Cogent Corporate Pathfinders.

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