KEC International’s promoter Instant Holdings, has acquired over 1% stake in the company for Rs.111 crore via an open market transaction.

As per the block deal data with BSE, the promoter purchased 28.05 lakh shares, amounting to 1.09% stake in the firm. The shares were bought at an average price of Rs.395.95, aggregating the transaction at Rs.111.07 crore, the data showed.

Moreover, the shares were sold by Stellar Energy Trust. Further, in a separate block deal, Instant Holdings sold 14.81% stake in the RPG Life Sciences for Rs.110.94 crore.

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