Reliance Capital Trustee buys 8 lakh shares in Titagarh Wagons

MUMBAI: Reliance Capital Trustee Company, a subsidiary of Anil Ambani Group's Reliance Capital, today purchased 8.1 lakh shares of Titagarh Wagons for Rs 27 crore through open market transactions.

Reliance Capital Trustee Company bought 8.1 lakh shares of Titagarh Wagons, a supplier of wagons and freight cars, for Rs 330.01 apiece, valuing the transaction at Rs 26.72 crore, according to bulk deal data available on the stock exchanges.

Meanwhile, India Capital Fund Ltd, a shareholder of Titagarh Wagons, sold 6.86 lakh shares of the company for Rs 330 apiece for Rs 22.65 crore.

Besides, another entity India Capital Opportunities 1 Ltd offloaded 1.22 lakh equities of Titagarh Wagons for Rs 330.01 apiece, valuing the deal worth Rs 4.04 crore.

As of December quarter, India Capital Fund, held 715,188 equities or 3.8 per cent stake in Titagarh Wagons.

Shares of Titagarh Wagons closed at Rs 332.60 apiece on the BSE, down 2.12 per cent from their previous close.