Valiant Mauritius sells 90 lakh shares of Pipavav Defence

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Valiant Mauritius Partners FDI today offloaded 90 lakh shares of Pipavav Defence and Offshore Eng for nearly Rs 86 crore.

As of quarter ending September, Valiant Mauritius Partners FDI held 2.54 crore shares representing 3.62 per cent stake in Pipavav Defence.

According to the block deal data available with the BSE, Valiant Mauritius Partners FDI sold 90 lakh shares to five entities -- Abhishek Finance & Investment, Keynote Capitals, Prasam Trading and Finance, Mudra Securities and Aashka Holdings.

The shares were sold at an average price of Rs 95.65 apeice.

Shares of Pipavav Defence settled at Rs 96.10 apiece, down 0.47 per cent from the previous close, on the BSE.

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