India Max Investment buys 0.3 mn shares of LKP Finance

India Max Investment Fund today raised its holding in non-banking financial services company LKP Finance, by picking up additional 0.3 million shares for nearly Rs 2 crore.

As per bulk data available with the stock exchanges, India Max Investment Fund, which held 6.73 stake in LKP Finance at the end of September 30, 2012, purchased 0.3 million shares (amounting to 2.31 per cent holding) in the NBFC firm from a shareholder Bela Properties.

The shares were purchased on an average price of Rs 62.5 apiece aggregating the deal size to Rs 1.87 crore.