Hatsun Agro's chairman RG Chandramogan increases stake in company; buys 34.3 lakh shares from Shah Family LLC

CHENNAI: RG Chandramogan, chairman and managing director of Hatsun Agro Product Ltd bought 34.3 lakh shares for about Rs 28.12 crore from its biggest public shareholder Shah Family LLC in an open market transaction on Friday.

According to the BSE bulk deal data, Shah Family, which owned 4.73% or 50.88 lakh shares as of the September, sold 34.3 lakh shares at Rs 82 a share, which was picked up by Chandramogan.

With this buy, Chandramogan has increased his stake by 3.18% to 62.28% from 59.10% as of September. The promoter and promoter group holding goes up to nearly 75% from 71.16%.