Temasek offloads 13.5% in Fame India

MUMBAI: Temasek Holdings, an Asia investment company headquartered in Singapore, has sold 13.5 per cent stake in multiplex chain operator Fame India for around Rs 141 million, according to market sources.

In a block deal, Temasek sold 4.7 million shares of Fame India at Rs 30 per share. According to shareholding data till 30 June, Temasek held 9.05 per cent through subsidiary company Aranda Investments Mauritius Pte. Ltd and 4.45 per cent via Dunearn Investments Mauritius Pte Ltd.

Temasek had acquired part of the stake at Rs 62.5 per cent.

Though the market speculated on PVR Ltd being the buyer, company officials denied that. The PVR scrip has been on a bull run for the last couple of days and ended Friday at Rs 152.75, up 2.76 per cent from the previous day‘s close on the BSE.

Market sources said the buying was not done by strategic but by financial investors. Two name being floated are Shail Investments and Gulshan Investment.

Shares of Fame India ended Friday at Rs 30.75, up 4.95 per cent from the previous day‘s close.

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