WeWork shares continued to be under pressure for another session, dropping 2.45% to Rs 613.25 on October 13 after losing 3% on the day of IPO, October 10.
In the last two sessions, CLSA Global Markets has sold off roughly 1.55% of its investment in WeWork India Management, a supplier of flexible workspace solutions, via open market transactions, including 0.62 percent of shares sold on October 13.
WeWork shares continued to be under pressure for another session, dropping 2.45% to Rs 613.25 on October 13 after losing 3% on the day of IPO, October 10.
On Monday, CLSA Global Markets Pte Ltd-ODI sold 8,36,616 equity shares in WeWork India Management (0.02% holding) for Rs 618.55 each, for a total value of Rs 51.7 million. It sold 12.5 lakh shares, or 0.93 percent of the total, last Friday for Rs 78.97 crore.
CLSA owned 1.74 percent of WeWork as of October 8. With the sale of the aforementioned shares, its current holding is 0.19 percent.
In the meanwhile, Munjal Showa’s stock fell 10.52 percent on Monday, closing at Rs 123.97. It formed a lengthy bearish candle and was trading far below its all-key moving averages. Despite owning 1.38 percent of the shares as of June of this year, foreign investor Esvee Capital sold 3.8 lakh shares (0.95 percent interest) at a price of Rs 122.09 a share, for a total of Rs 4.6 crore.
True Colors was also active, dropping 1.87 percent to settle at Rs 193.7 after its peak of Rs 195 on Monday, which seems to be a significant obstacle. For a total of Rs 4.06 crore, Royal Alpha Opportunity Fund purchased 2,09,400 shares at a price of Rs 194 each.
On Monday, Aptus Value Housing Finance India witnessed a block transaction. For Rs 10.56 crore, BNP Paribas Financial Markets purchased 3,34,974 shares (0.06 percent interest) from Morgan Stanley Asia (Singapore) Pte. at a price of Rs 315.25 per share. The stock price was down 2.26 percent at Rs 311.1 at the end of the trading.