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HDFC Mutual Fund buys stake worth Rs 71 cr in Vardhman Textiles

The fund house bought 5.73 lakh shares, amounting to 0.99 per cent stake in the textile firm, according to the bulk deal data available with the BSE.

twitter-logo PTI        Last Updated: May 30, 2018  | 11:05 IST
HDFC Mutual Fund buys stake worth Rs 71 cr in Vardhman Textiles

HDFC Mutual Fund has picked up 1 per cent stake in Vardhman Textiles for over Rs 71 crore through an open market transaction.

The fund house bought 5.73 lakh shares, amounting to 0.99 per cent stake in the textile firm, according to the bulk deal data available with the BSE.

The shares were purchased at a price of Rs 1,245 apiece, valuing the transaction at Rs 71.34 crore, the data showed.

The seller of the shares could not be ascertained immediately.

Bulk deal data available with the NSE also showed that ICICI Prudential Mutual Fund bought 27.50 lakh Tata Motors DVR (differential voting rights) shares for Rs 47.02 crore.

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