Arm Infra & Utilities Private Limited reduces stake in Diligent Media Corporation Ltd

Diligent Media Corporation Ltd's Promoter, Arm Infra & Utilities Private Limited has sold 13982184 equity shares of the company through Market Sale in BSE. The shares were sold for a total amount of Rs. 215972369.

With this transaction, the shareholding of Arm Infra & Utilities Private Limited has reduced from 149236660 (33.79%) to 38113821 (29.08%). The shares were sold during the period 1/28/2019 to 2/7/2019.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Arm Infra & Utilities Private Limited	1654361	1/28/2019 to 1/28/2019	39768182 (33.79%)	38113821 (32.38%)
Arm Infra & Utilities Private Limited	6615528	1/28/2019 to 1/28/2019	149236660 (31.7%)	142621132 (30.9%)
Arm Infra & Utilities Private Limited	4600000	1/29/2019 to 1/29/2019	142621132 (30.29%)	138021132 (29.32%)
Arm Infra & Utilities Private Limited	1112295	2/7/2019 to 2/7/2019	138021132 (29.32%)	136908837 (29.08%)

Shares of the company was last trading in BSE at Rs.3.42 as compared to the previous close of Rs. 3.28. The total number of shares traded during the day was 3212 in over 14 trades.

The stock hit an intraday high of Rs. 3.42 and intraday low of 3.16. The net turnover during the day was Rs. 10171.

Source : Equity Bulls

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