INSUBCONTINENT EXCLUSIVE:
Vadilal Ind loses 11per cent as Ashish Kacholia sells stake
Vadilal Industries plunged more than 11 per cent on early
Tuesday as well-known
investor Ashish Ramchandra Kacholia offloaded 5 per cent stake in the company.
Kacholia sold 3,06,045 shares of Vadilal Industries at an
average price of Rs 612.18 on the NSE
He also offloaded 56,260 shares at Rs 604.05 on the BSE, bulk deal data showed.
The scrip was trading 11.49 per cent down at Rs 521 at
around
9.35 am while the Sensex slipped 23 points, or 0.06 per cent, to 38,254.
On the other hand, EQ India Fund, led by Kochi-based stock
player settled 20 per cent down at Rs 588.65
on Monday.
