Robust Marketing buys Mangalore Chemicals shares for 10.5 cr

MUMBAI: Robust Marketing Services Pvt Ltd today picked up nearly 17 lakh shares of UB Group firm Mangalore Chemicals and Fertilizers for Rs 10.56 crore, through an open market transaction.

A total of 16,93,056 shares of Mangalore Chemicals were purchased by Robust Marketing as per the bulk deal information with the stock exchanges.

The shares were acquired at an average price of Rs 62.39 apiece. The size of the transaction amounted to Rs 10.56 crore.

Yesterday as well, Robust Marketing had purchased over 10 lakh shares of Mangalore Chemicals for Rs 5.53 crore.

Shares of Mangalore Chemicals jumped 12.94 per cent to end the day at Rs 62.40 apiece on the BSE.