State Bank of India sells 0.8% in Sri Adhikari Brothers Television

State Bank of India sold 269,336 shares or 0.8% stake in Sri Adhikari Brothers Television Network on Thursday, bulk deal data on the BSE’s website showed. 

SBI, which held 13.4% stake in Sri Adhikari Brothers Television as of September 30, sold the shares at Rs 18.16 apiece. The buyer’s name could not be ascertained immediately. 

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BSE shareholding data showed that Central Bank of India held 10.4% stake and and Punjab National Bank held 1.1% stake in the company as of September 30. Shares of Sri Adhikari Brothers Television ended in 5% lower circuit at Rs 18.15 on the BSE on Thursday. The stock has lost 93.6% so far in 2017.

Source: Economic Times