Volclay International Corporation offloaded its 9.46 percent stake in Ashapura Minechem , the country's largest mine owner and exporter of bentonite.
Volclay International sold shares via two block deals - one block deal was of 37,50,285 equity shares at Rs 45.75 apiece on the BSE and other one was of 41,07,060 lakh shares at Rs 48.70 on the NSE.
However, Albula Investment Fund was the buyer in those two block deals.
Volclay International Corporation, the largest investor, holds 9.47 percent stake in Ashapura now after these deals.
Volclay International, a wholly owned subsidiary of NYSE-listed AMCOL International Corporation, had acquired a 20 percent minority interest in Ashapura Minechem in May 2011.
Ashapura Minechem's stock was locked at 20 percent upper circuit at Rs 54.65 on Friday. It rallied 47 percent in last one-month.
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