Pabrai fund buys 1.2% stake in Kaveri Seeds

MUMBAI: US-based investor Mohnish Pabrai’s fund Pabrai Investment Fund II LP bought 7.8 lakh shares, or 1.2 per cent stake, in hybrid seed maker Kaveri Seeds on Wednesday, bulk deal data on the National Stock Exchange of India’s website showed.

Pabrai’s fund bought the shares at Rs 487.2 per share.

The data separately showed that BNP Paribas Arbitrage Fund sold 7.4 lakh shares, or 1.1 per cent stake, in the company.