Foreign fund house Deutsche Securities Mauritius has hiked its stake in commercial-vehicle maker Eicher Motors to 5.17%, after purchasing fresh shares through an open-market transaction.      

The fund house purchased 1,22,000 shares representing 0.46% stake in Eicher Motors, the car maker said in a disclosure on the Bombay Stock Exchange.      

Calculated on the basis of the April 23 closing price (Rs 199.90) of Eicher Motors on the NSE, the stake purchase might have cost around Rs 2.44 crore to Deutsche Securities.      

Prior to the purchase, the fund house held a 4.17% stake, while now it holds 5.17% which represents over 13 lakh shares of Eicher Motors.      

Shares of Eicher Motors were trading at Rs 200.20, up 0.93% on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street up on Greece, but gains seen limited - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing - Sure to buy French Rafale jets: Indian Air Force

Tags : Deutsche Securities Mauritius | Eicher Motors | BSE   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Medium-sized businesses are the engines of a smarter planet. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more