Shivalik Bimetal: The shares of the company settled over seven percent lower on Monday, ending in the red for third session in a row. The stock remained under pressure post large block. Dealers suggest that promoter entity is the likely seller and a leading domestic AIF is the likely buyer along with few hedge funds.
Extract from CNBC.
Although this is a negative for the stock, it would be interesting to know the identity of the Alternative Investment Fund.
DISC: Invested.
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