Bulk deal reported in W S Industries India Ltd

W S Industries India Ltd has reported a bulk deal of 5,120,818 equity shares in today's trading at BSE. The total traded quantity matches the total holding of Edelweiss ARC in different accounts. The buyer is unknown. The holding in different accounts of Edelweiss ARC are:

Edelweiss Asset Reconstruction Company Ltd - 19,01,268 shares
Edelweiss Asset Reconstruction Company Ltd - 7,85,192 shares
EARC SAF 1 Trust - 24,34,358 shares

The company had announced regarding OTS with lenders last year and got shareholders approval to sell the land parcel where its factory existed to utilize for OTS.

The bulk deal happened at a price of Rs. 10.38 per share in BSE. The company is in GSM Stage 4 and the price of the stock cannot go up and the shares trade only once every week on Monday.

Source : Equity Bulls

Keywords

WSIndustriesIndia BulkDeal OTS EdelweissARC