HDFC Mutual Fund hikes stake in Gammon India to 6.31pc

Tags: News
HDFC Mutual Fund has bought more than 85 lakh shares in Gammon India for Rs 23.35 crore taking its holding in the infrastructure firm to 6.31 per cent.

HDFC Mutual fund had 82,799 shares amounting to 0.06 per cent stake in the company before the transaction held on July 24 through open market on the BSE and NSE, Gammon India said in a regulatory filing today.

The fresh purchase of 85,30,764 shares aggregating 6.25 per cent stake was done at an average price of Rs 27.38 per share.

The company's promoters held 34.99 per cent stake in Gammon India as on June-end.

The company scrip closed at Rs 28, down 1.58 per cent, on the BSE.

EDITORIAL OF THE DAY

  • America, put an end to this mindless terror against Indian professionals

    Racial slurs, hate crimes and the daylight murder of an Indian technology professional in the US have just moved up the number of serious issues confr

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: Pawn to king four

Sir Conrad Corfield, heavy hitter of the British Political Department ...

Susan Visvanathan

The problem called JNU

Reservation is a word that some administrators and intellectuals find ...

Kuruvilla Pandikattu

We are all wired for empathy

Today the world is all abuzz about the science of ...