Prashant Jain’s HDFC Mutual Fund Increases Stake in Greenply Industries

Tagged: Greenply, Hawks-Eye, HDFC Mutual Fund

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June 29, 2014 at 5:57 pm #620

Vidhi Khanna
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Greenply Industries has surged 6.5% to Rs 660 on National Stock Exchange after the company said HDFC Mutual Fund has bought an additional two percentage point stake in the company through open market.

On June 24, 2014 HDFC Mutual Fund A/c HDFC Mid-Cap Opportunities Fund bought 483,389 shares representing 2% stake of the company through open market, Greenply Industries said in a statement.

Post acquisition, total holdings of HDFC Mutual Fund in the company increased to 7.38% from 5.37% earlier, it added.

The stock opened at Rs 611 and touched a record high of Rs 684 on NSE. A combined 8,400 shares changed hands s far on the NSE and BSE.
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