 "Radico Khaitan surges on fund buying")
Shares of Radico Khaitan has surged 7% to Rs 95 on the National Stock Exchange (NSE) after the company said Reliance Mutual Fund bought an additional stake in the company through open market.
“Reliance Capital Trustee Company through various schemes of Reliance Mutual Fund has purchased 50,000 shares or 0.04% stake in Radico Khaitan on October 13, 2015,” the company said in a statement.
Post acquisition, Reliance Capital Trustee Company stake in the company increased to 9.53% from 9.49%, it added.
Meanwhile, foreign institutional investors (FIIs) and domestic institutional investors (DIIs) have increased their holdings in Radico Khaitan by more than two percentage points in July-September quarter.
FIIs stake rose to 21.13% from 18.48% in June quarter, while of DIIs to 13.32% from 11.14%, according to shareholding pattern filed by the company with the stock exchange.
The trading volumes on the counter more than doubled with a combined 500,795 shares changed hands on the NSE and BSE till 10:10 am.
“Reliance Capital Trustee Company through various schemes of Reliance Mutual Fund has purchased 50,000 shares or 0.04% stake in Radico Khaitan on October 13, 2015,” the company said in a statement.
Post acquisition, Reliance Capital Trustee Company stake in the company increased to 9.53% from 9.49%, it added.
Meanwhile, foreign institutional investors (FIIs) and domestic institutional investors (DIIs) have increased their holdings in Radico Khaitan by more than two percentage points in July-September quarter.
FIIs stake rose to 21.13% from 18.48% in June quarter, while of DIIs to 13.32% from 11.14%, according to shareholding pattern filed by the company with the stock exchange.
The trading volumes on the counter more than doubled with a combined 500,795 shares changed hands on the NSE and BSE till 10:10 am.
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