CLSA remains seller in WeWork for second day, Esvee Capital sells nearly 1% in Munjal Showa

CLSA Global Markets offloaded nearly 1.55 percent stake in WeWork India Management, the flexible workspace solutions provider, in the last two consecutive sessions via open market transactions, including 0.62 percent shares sold on October 13.

WeWork shares remained under pressure for another session, falling 2.45 percent to Rs 613.25 on October 13, in addition to 3 percent loss seen on October 10, the listing day.

CLSA Global Markets Pte Ltd-ODI sold 8,36,616 equity shares in WeWork India Management (0.62 percent stake) at Rs 618.55 per share, valued at Rs 51.7 crore on Monday. Last Friday, it had offloaded 12.5 lakh shares (0.93 percent stake) for Rs 78.97 crore.

As of October 8, CLSA had held 1.74 percent stake in WeWork. Considering the above shares sold, now its remaining stake stands at 0.19 percent.

Meanwhile, Munjal Showa shares crashed 10.52 percent on Monday to close at Rs 123.97, forming long bearish candle and trading far below its all-key moving averages. Foreign investor Esvee Capital sold 3.8 lakh shares (0.95 percent stake) at Rs 122.09 per share, amounting to Rs 4.6 crore, against its shareholding of 1.38 percent as of June this year.

True Colors was also in action, falling 1.87 percent to close at Rs 193.7 after hitting last Monday's high of Rs 195, which seems to be crucial hurdle. Royal Alpha Opportunity Fund acquired 2,09,400 shares at Rs 194 per share, valued at Rs 4.06 crore.Aptus Value Housing Finance India saw block deal on Monday. BNP Paribas Financial Markets bought 3,34,974 shares (0.06 percent stake) at Rs 315.25 per share, for Rs 10.56 crore, from Morgan Stanley Asia (Singapore) Pte. The stock price finished the trade at Rs 311.1, down 2.26 percent.