Man Infraconstruction gains after investor Radhakishan Damani acquires stake

Derive Investments acquired acquired 21,73,083 equity shares through a bulk deal

Shares of Man Infraconstruction was up over 3% at Rs 45 on the Bombay Stock Exchange after one of India's ace investors, Radhakishan Damani, acquired shares in the company.

Derive Investments, an investment company run by Radhakishan Damani, acquired 21,73,083 equity shares through a bulk deal on Friday, NSE data showed.

The stock opened at Rs 44 and touched a high of Rs 46. At 11:35am, over 4.2 million shares were traded on both the stock exchanges.