Aarti Singal, a promoter of Bhushan Steel, today sold 5.5 lakh shares of the company for Rs 18.23 crore to another promoter entity.
Bhushan Infrastructure bought 5.5 lakh shares of Bhushan Steel held by Aarti Singal for Rs 331.55 apiece taking the aggregate deal size to Rs 18.23 crore via block deal, according to the data available with the National Stock Exchange.
Taking into count Wednesday's share sale, Singal has sold 15 lakh shares of the company to Bhushan Infrastructure this month.
On January 6, Singal sold 3.5 lakh shares and on January 5, she disposed off another 6 lakh equities to Bhushan Infrastructure.
As of September quarter, Singal held 6,791,070 shares or 3.2% in Bhushan Steel, while Bhushan Infrastructure held 10,556,950 equities or 4.97% stake ownership in the steel company.
Shares of Bhushan Steel ended at Rs 337.30 apiece on the BSE, up 0.66% from the previous close.