Heritage Foods Limited completes sale of Future Retail Limited's shares

Heritage Foods Limited has disposed off its entire holdings/investment of 1,78,47,420 equity shares held in Future Retail Limited. These shares were sold through Stock Exchange in Open Market in various tranches and the net amount of Rs. 131.94 Crores was received by the company.

The above said proceeds shall be mainly utilised for the repayment of Term loans of the company.

Shares of Heritage Foods Limited was last trading in BSE at Rs.281 as compared to the previous close of Rs. 283.3. The total number of shares traded during the day was 10303 in over 838 trades.

The stock hit an intraday high of Rs. 285.85 and intraday low of 279. The net turnover during the day was Rs. 2902901.

Shares of Future Retail Ltd was last trading in BSE at Rs.76.95 as compared to the previous close of Rs. 76.9. The total number of shares traded during the day was 234544 in over 1563 trades.

The stock hit an intraday high of Rs. 77.6 and intraday low of 76.15. The net turnover during the day was Rs. 18027771.

Source : Equity Bulls

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