MUMBAI: REC Ltd on Friday sold a part of its stake in fellow state-owned enterprise NHPC to SBI Mutual Fund and Valeo Global Fund through two separate block deals on BSE.
REC sold 30 million shares to SBI Mutual Fund at Rs. 27.1 apiece, and 20 million shares to Valeo Global Fund at the same price.
Prior to the transaction, REC held a 1.75 per cent stake in NHPC.
Here are other major bulk and block deals that took place on NSE and BSE on Friday: