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20 April, 2024 16:34 IST
Three mutual fund houses pick 8.14% stake in Sanghvi Movers
Source: IRIS | 10 Apr, 2015, 07.34PM
Rating: NAN / 5 stars.
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HDFC Mutual Fund, Reliance Mutual Fund and Sundaram Mutual Fund have picked 8.14% stake in Sanghvi Movers for Rs 919.40 million in separate transactions on Friday.

On the other hand, Olympus India Holdings and Olympus Crane Holdings sold 9.31% stake in Sanghvi for Rs 1,053.77 million.

HDFC Mutual Fund purchased 1.70 million shares i.e. 3.93% stake in Sanghvi at a price of Rs 261 a share. Reliance Mutual Fund bought 0.75 million shares i.e. 1.73% stake in the company at a price of Rs 261 a share.

Meanwhile, Sundaram Mutual Fund picked 1.07 million shares i.e. 2.48% stake in the company at a price of Rs 261 a share.

Olympus India Holdings sold 2.69 million shares i.e. 6.21% stake in Sanghvi at a price of Rs 261 a share. At the same time, Olympus Crane Holdings divested 1.34 million shares i.e. 3.10% stake in the company at a price of Rs 262.20 a share.

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