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Bulk deals in Coffee Day Enterprises Ltd

Promoter Malavika Hegde bought 2.6% stake in Coffee Day, while KKR Mauritius PE Investments II ltd sold 5.9% stake.

As per bulk deal data uploaded on Monday by NSE, Malavika Hegde, from the promoter group, bought 2.6% stake in Coffee Day Enterprises Ltd. Malavika bought 55,00,000 shares at Rs324 per share amounting to ~Rs178cr. As on December 31, 2017, promoter’s holding was 51.32% in the company.

While KKR Mauritius PE Investments II Ltd sold ~5.9% stake in the company. It sold 1,25,00,000  shares at Rs324.36 per share amounting to ~Rs405.45cr. As on December 31, 2017, KKR’s holding in the company stood at 10.33%.

Coffee Day Enterprises Ltd ended at Rs317.80 down by Rs2.55 or 0.8% from its previous closing of Rs320.35 on the BSE. The stock traded above its 50 DMA.