MV SCIF Mauritius acquires over 2 cr shares in six cos

MV SCIF Mauritius, part of US-based asset managment company Van Eck Associates Corporation, today picked up over two crore shares of six companies, including Unitech, Tata Elxsi, MTNL and Gitanjali Gems for an estimated amount of Rs 122.54 crore through open market route.
The entity also offloaded total of 1.92 crore shares worth Rs 64.6 crore of -- Ashok Leyland, Spicejet and Punj Lloyd -- according to the bulk deal information with the stock exchanges.
Individually, MV SCIF Mauritius purchased 1.75 crore shares of Unitech for nearly Rs 58 crore. The share were bought for Rs 33.07 apiece.
Besides, it acquired shares of MTNL (24 lakh), Gitanjali Gems (4.97 lakh), Tata Elxi (3.29 lakh), Ceat Ltd (2.18 lakh), Natco Pharma (1.74 lakh).

In separate transactions, MV SCIF Mauritius sold 1.36 crore shares of Ashok Leyland for about Rs 44.50 crore.
It also offloaded 28.82 lakh and 27.13 lakh shares of Punj Lloyd and Spicejet, respectively.
Van Eck Global offers investment choices in a broad range of asset classes, including commodities and natural resource equities, emerging market equities and debt.