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On November 29, Bharti Enterprises sold more than 57 million lakh of Future Retail for an amount of about 300 billion rupees through open market operations.
The shares were bought by the Edelweiss group, according to the block-deal data available with BSE.
Bharti sold 56.93 lakh shares, or 1.13% of Future Retail's share capital led by Kishor Biyani.
The shares were sold at an average price of 525.9 rupees, resulting in a transaction of 299.3 crore.
Ecel The shares bought 16.5 lakh shares of a value greater than 87 billion rupees, while the Edelweiss Special Opportunities fund bought 40.43 lakh shares for a value of 21 crores.
Future Retail shares closed at 504.25 rupees, down 4.23%. Cedar Support transferred 6% of future retail capital into free market transactions for Rs. 1,697 billion.
Earlier in May 2015, Future Group acquired the Bharti Group's retail operations under the EasyDay chain in a transaction worth 100 billion rupees to create one of the largest supermarket chains. Following the transaction, the retail activities of the Bharti Group were merged with Future Retail.
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