Five entities sell 11% stake in FMCG firm Hindustan Foods for Rs 638 crore

Five entities on Wednesday sold an 11 per cent stake in FMCG firm Hindustan Foods for Rs 638 crore through open market transactions.

Jwalamukhi Investment Holdings, Infinity Consumer Holdings, WestBridge AIF I, Sixth Sense India Opportunities 11, and Konark Trust offloaded shares of Hindustan Foods through five separate block deals on the National Stock Exchange (NSE).

A total of 1.27 crore shares, or 11 per cent stake, in Hindustan Foods were pared by these five entities on the exchange.

As per the data available, Jwalamukhi Investment Holdings sold 62.81 lakh shares of Hindustan Foods, Infinity Consumer Holdings offloaded 31 lakh scrips, WestBridge AIF I disposed of 23.98 lakh shares of the company.

In addition, Sixth Sense India Opportunities 11 offloaded 7 lakh shares of Mumbai-based Hindustan Foods, and Konark Trust sold 2.36 lakh scrips of the company.

The shares were disposed of at an average price of Rs 502 apiece, taking the combined deal size to Rs 638.40 crore.

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