Norges Bank on Account of the Government Pension Fund Global picked up 1.7 percent stake in Sterling Holiday Resorts (India) through bulk deal on Thursday.
Norges Bank on Account of the Government Pension Fund Global picked up 1.7 percent stake in Sterling Holiday Resorts (India) through bulk deal on Thursday.
The bank bought 15.1 lakh equity shares of the company at Rs 234.90 apiece on the Bombay Stock Exchange. However, India Discovery Fund and India Horizon Fund cut their stake in the company.
India Discovery Fund sold 4,77,364 shares at Rs 235 and India Horizon Fund offloaded 10.23 lakh equity shares at Rs 235.01, which held 3.05 percent and 3.56 percent stake in the company as of December 2014, respectively.
On Thursday, the scrip of Sterling Holiday Resorts (India) closed at Rs 233.80, up Rs 16.30, or 7.49 percent on the BSE.
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