Thai Union Sells 4.4% Stake in Avanti Feeds for Rs 435 Crore
Summary
Thai Union Group has divested a 4.4% stake in Avanti Feeds for Rs 435 crore through an open market transaction, reducing its holding to 19.81%.New Delhi, Mar 4 (PTI) Thai Union Group on Tuesday divested 4.4 per cent stake in Avanti Feeds for Rs 435 crore through an open market transaction. Thailand-based Thai Union Group is a producer of seafood based products. According to the block deal data available on the National Stock Exchange (NSE), Thai Union Group through its arm Thai Union Asia Investment Holding sold 59.77 lakh shares, amounting to a 4.4 per cent stake in Avanti Feeds. These shares were acquired by IIFL Facilities Services Ltd at the same price. On Tuesday, shares of Avanti Feeds rose 1 per cent to close at Rs 735 apiece on the NSE.