Thursday, December 24, 2015

Will L&T selling impact Astra Microwave?

Shares of Astra Microwave Products will remain in focus, as Larsen & Toubro sold close to 75 lakh shares of the company through bulk deals. According to data available with the exchanges, L&T offloaded 24.5 lakh shares at ₹135.82 a share (on the BSE) and 50 lakh shares at Rs.135.80 (on the NSE). 

As of September end, L&T owned 79.5 lakh shares of Astra Microwave. Analysts would be looking for the buyers’ identity, which is yet to be revealed.

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