Nippon India Mutual Fund has made an open market transaction to purchase 3.3 lakh equity shares in Gillette India at an average price of Rs 6,755 per share, totaling Rs 222.91 crore.
In a parallel move, corporate firm Adventz Finance has divested 6 lakh shares (1.84% of paid-up equity) in Gillette India at an average price of Rs 6,757.60 per share, amounting to Rs 405.5 crore. Following the sale, Adventz Finance’s stake in the company has reduced from 3.41% to a lower percentage.
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