GIC Housing Finance gains on Reliance MF stake buy

Reliance MF acquires 780,000 shares through block deals on the BSE, NSE

Shares of GIC Housing Finance were up over 3% after Reliance Mutual Fund acquired shares in the company through block deals on the stock exchanges.

Reliance Capital Trustee Company Ltd A/C Reliance Tax Saver (ELSS) Fund has acquired 500,000 shares, as per block deal data on the Bombay Stock Exchange.

Reliance Mid & Small Cap Fund has acquired 280,000 shares, as per bulk deal data on the National Stock Exchange.

The stock opened at Rs 205 and touched a high of Rs 208. At 11am, over 140,000 shares were traded on both the stock exchanges.