LG Balakrishnan hits 52-week high on Reliance Mutual Fund stake buy
Reliance MF bought 4,00,000 shares or 5% stake in LG Balakrishnan at a price of Rs 281 per share.
LG Balakrishnan and Brothers has soared 12% to Rs 316 on BSE after Reliance Mutual Fund bought 5% stake in the company for Rs 11 crore through open market transaction.
The stock opened at Rs 291 and touched a 52-week high of Rs 319 on the BSE. A combined around 29,000 shares have changed hands on the counter till 1035 hours on the BSE and NSE.
On February 05, 2014 Reliance Mutual Fund bought 4,00,000 shares representing 5.09% of total equity of LG Balakrishnan and Brothers at a price of Rs 281 per share, the BSE bulk deal data shows.
Meanwhile, International Finance Corporation has sold 405,869 shares of LG Balakrishnan at a price of Rs 281.01 per share.
As on December 31, 2013, International Finance Corporation held 541,681 shares or 6.9% stake in LG Balakrishnan, the shareholding pattern data shows.
The stock opened at Rs 291 and touched a 52-week high of Rs 319 on the BSE. A combined around 29,000 shares have changed hands on the counter till 1035 hours on the BSE and NSE.
On February 05, 2014 Reliance Mutual Fund bought 4,00,000 shares representing 5.09% of total equity of LG Balakrishnan and Brothers at a price of Rs 281 per share, the BSE bulk deal data shows.
Meanwhile, International Finance Corporation has sold 405,869 shares of LG Balakrishnan at a price of Rs 281.01 per share.
As on December 31, 2013, International Finance Corporation held 541,681 shares or 6.9% stake in LG Balakrishnan, the shareholding pattern data shows.
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First Published: Feb 06 2014 | 10:40 AM IST