HDFC Mutual Fund Sells 0.66% Stake in Oriental Carbon and Chemicals, Shares Drop 4.93%

On July 12, HDFC Mutual Fund divested a 0.66 percent stake in Oriental Carbon and Chemicals through a bulk deal, selling 66,017 shares at an average price of Rs 249.06 per share. Subsequently, Oriental Carbon and Chemical shares fell by 4.93 percent, closing at Rs 250 on the National Stock Exchange. Oriental Carbon and Chemicals Limited specializes in manufacturing Insoluble Sulphur.