would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
In a seemingly mutually beneficial deal, ERI’s parent and PC House bought stakes in each other yesterday whilst overall investor interest on the two also boosted turnover.
ERI’s controlling shareholder Lionhart shed 1.5% stake or 4.5 million shares in ERI at Rs. 68 each as well as 5 million warrants at Rs. 32.60 each to PC House for Rs. 469 million. In turn PCH House major shareholder M. Rishan sold 9.6% stake or 22 million shares in the company to Lionhart at Rs. 22 each in a deal worth Rs. 486 million. The two counters overall accounted for slightly over 30% of the day’s turnover. PC House saw 28.5 million of its shares traded for Rs. 611.25 million whilst ERI saw 6 million of its shares traded for Rs. 414 million.
PC House share price rose by 30 cents or 1.55% to close at Rs. 19.70 after hitting a peak of Rs. 20.60. ERI purchase was done via crossing of 21.1 million at Rs. 22 each whilst the ERI block too was traded via crossing. The share price of Environmental Resources increased by Rs. 3.20 (4.75%) and closed at Rs. 70.10.
I think this is well plan deal.
so stake is less than 10% can they sell shares in next day ?
ERI’s controlling shareholder Lionhart shed 1.5% stake or 4.5 million shares in ERI at Rs. 68 each as well as 5 million warrants at Rs. 32.60 each to PC House for Rs. 469 million. In turn PCH House major shareholder M. Rishan sold 9.6% stake or 22 million shares in the company to Lionhart at Rs. 22 each in a deal worth Rs. 486 million. The two counters overall accounted for slightly over 30% of the day’s turnover. PC House saw 28.5 million of its shares traded for Rs. 611.25 million whilst ERI saw 6 million of its shares traded for Rs. 414 million.
PC House share price rose by 30 cents or 1.55% to close at Rs. 19.70 after hitting a peak of Rs. 20.60. ERI purchase was done via crossing of 21.1 million at Rs. 22 each whilst the ERI block too was traded via crossing. The share price of Environmental Resources increased by Rs. 3.20 (4.75%) and closed at Rs. 70.10.
I think this is well plan deal.
so stake is less than 10% can they sell shares in next day ?
