首页|Hindalco picks up over 1 percent stake in Nalco

Hindalco picks up over 1 percent stake in Nalco

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India's leading aluminium producer Hindalco Industries of the Aditya Birla Group bought around 74 lakh shares, or 1.15 per cent of the equity capital of state-run National Aluminium Company (Nalco). The purchase was made through a block-deal on The Stock Exchange, Mumbai (BSE) from a US-based foreign institutional investor (FII) at a price of Rs 105 per share. The entire deal totalled to around Rs 770 million. Hindalco already had a 3 per cent stake in Nalco. Hindalco purchased the shares in Nalco from a US-based pension fund, College Retirement Equities Rind (CREF), in a deal reportedly brokered by ASK Raymond James, according to market sources. On the day of the purchase, Nalco shares on BSE closed up Rs 8.80 or 9.07 per cent at Rs 105.75, but off the day's high of Rs 109.45. The stock attracted a huge volume of 86.13 lakh shares. On Monday, Nalco clocked a volume of 95,700 shares on BSE.

2002

Non-Ferrous Report

Non-Ferrous Report

ISSN:0970-163X
年,卷(期):2002.(July 15)