Gulf Oil Lubricants India promoter sells 4% stake for over Rs 263 crore

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Gulf Oil Lubricants India promoter sells 4% stake for over Rs 263 crore - Business Standard

Quick Summary:

According to the block deal data available on the BSE, Gulf Oil International Mauritius Inc.offloaded 19,50,000 shares, amounting to a 3.96 per cent stake in Gulf Oil Lubricants India.

Gulf Oil International Mauritius Inc, promoter of Gulf Oil Lubricants India, on Thursday divested a 4 per cent stake in the company for over Rs 263 crore through open market transactions.

UTI Mutual Fund (MF), ITI MF, Baroda BNP Paribas MF, JM Financial MF, Aditya Birla Sun Life Insurance, Axis Securities and Societe Generale were among the buyers of Gulf Oil Lubricants India's shares.