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JK Cement on Friday informed the exchanges that its promoter Yadupati Singhania sold 20 lakh shares, or 2.86 per cent stake, on Wednesday through the open market. Post-transaction, the promoter’s stake in the company has fallen to 17.57 per cent. Shares of JK Cement ended at ₹735.10 on the BSE, up 3.7 per cent from the previous day’s close.
Max India on Friday said Mauritius-based GS Mace Holdings Ltd along with Xenok Ltd sold 61.9 lakh shares (or 2.31 per cent stake) on Tuesday through the open market. GS Mace Holdings, which held around 5.11 per cent stake in the company, sold 33.4 lakh shares and Xenok sold 28.5 lakh shares of the company. Shares of Max India closed almost flat at ₹139.95 on the NSE.
Sadbhav Infrastructure Project has said its subsidiary Maharashtra Border Check Post Network has started collecting toll at Akkalkua and Borgaon check posts bordering Gujarat and Shinoli check post on the Karnataka border from Friday. Maharashtra Border Check Post Network was set up for the construction, operation, maintenance and modernisation of check posts at 22 locations in Maharashtra on build-operate-transfer basis. The company has also said the special purpose vehicle has already received provisional completion certificate for the Kelwat check post in Madhya Pradesh and Rajura check post in Andhra Pradesh and is awaiting approval to start toll collection. Shares of the company were up 0.64 per cent at ₹101.80 on the NSE.
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