Franklin Templeton buys nearly 30 lakh shares of GPPL

MUMBAI: Franklin Templeton Investment Funds today bought nearly 30 lakh shares of Gujarat Pipavav Port Ltd (GPPL) for a little over Rs 16 crore.

According to bulk data available with the stock exchanges, Franklin Templeton Investment Funds bought 29.76 lakh equities (amounting to 0.7 per cent) of GPPL for Rs 55.75 apiece, valuing the deal to Rs 16.59 crore.

However, the seller of the shares could not be ascertained.

Shares of Gujarat Pipavav Port closed at Rs 55.85 on the BSE, up 0.45 per cent from the previous close.