 "Nandan Denim hits seven-year high as promoter hike stake")
Nandan Denim has soared 14% to Rs 64.35, its highest level since January 2008 on BSE, after it was announced that Devkinandan Corporation LLP, one of the promoters, increased its stake in the company via open market.
On December 19, 2014, Devkinandan Corporation LLP had purchased 61,300 shares of the company at an average price of Rs 50.50 per share via open market through BSE and NSE, Nandan Denim said in a filing.
Earlier, on December 18, Devkinandan Corporation LLP bought 65,308 shares at an average price of Rs 48.54 per share from open market.
Devkinandan Corporation LLP acquired 631,910 equity shares or 1.38% stake in Nandan Denim between October 1, 2014 and December 19, 2014.
Total holding of Devkinandan Corporation LLP in the company increased to 5.72% from 4.34% at the end of September 2014 quarter, data shows.
Nandan Denim Ltd is company engaged in textile industry, manufacturing gray cotton fabrics, khakhis and denims.
Till 1056 hours, a combined 397,998 shares changed hands on the counter on NSE and BSE.
On December 19, 2014, Devkinandan Corporation LLP had purchased 61,300 shares of the company at an average price of Rs 50.50 per share via open market through BSE and NSE, Nandan Denim said in a filing.
Earlier, on December 18, Devkinandan Corporation LLP bought 65,308 shares at an average price of Rs 48.54 per share from open market.
Devkinandan Corporation LLP acquired 631,910 equity shares or 1.38% stake in Nandan Denim between October 1, 2014 and December 19, 2014.
Total holding of Devkinandan Corporation LLP in the company increased to 5.72% from 4.34% at the end of September 2014 quarter, data shows.
Nandan Denim Ltd is company engaged in textile industry, manufacturing gray cotton fabrics, khakhis and denims.
Till 1056 hours, a combined 397,998 shares changed hands on the counter on NSE and BSE.
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