Bhushan Infra hikes stake in Bhushan Steel to 4.97 pc
Bhushan Steel said one of its promoters, Bhushan Infrastructure, has raised stake in company to 4.97 per cent by acquiring additional shares through open market transactions.
By PTI |
MUMBAI: Bhushan Steel on Monday said one of its promoters, Bhushan Infrastructure, has raised stake in the company to 4.97 per cent by acquiring additional shares through open market transactions.
Bhushan Infrastructure has acquired 2.76 lakh shares, or 0.65 per cent stake, in the company through open market deals, raising its total stake in the firm to 4.97 per cent, Bhushan Steel said in a disclosure to the Bombay Stock Exchange.
"The acquisition of shares was made in two tranches on March 19 and 20," it said.
At present, the promoter group holds a 69.15 per cent stake in Bhushan Steel.
The shares of Bhushan Steel closed at Rs 358.10 on BSE, up by 11.04 per cent over the previous close.
Bhushan Infrastructure has acquired 2.76 lakh shares, or 0.65 per cent stake, in the company through open market deals, raising its total stake in the firm to 4.97 per cent, Bhushan Steel said in a disclosure to the Bombay Stock Exchange.
"The acquisition of shares was made in two tranches on March 19 and 20," it said.
At present, the promoter group holds a 69.15 per cent stake in Bhushan Steel.
The shares of Bhushan Steel closed at Rs 358.10 on BSE, up by 11.04 per cent over the previous close.
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