Packaging company Hindustan Tin Works on Thursday said Religare Finvest has increased its stake in the firm by 2.41 per cent to 14.09 per cent.
“Shares offered as part of collateral/ encumbrances created in consideration of borrowings by various clients over a period of time...,” Hindustan Tin Works said in a regulatory filing on the “mode of transaction.”
It, however, did not specify the date of transaction.
Non-banking financial company Religare Finvest had 12.15 lakh shares, or 11.68 per cent, stake in Hindustan Tin Works before the transaction. It now has 14.65 lakh shares in the company.
As on June 30, Hindustan Tin Works’ promoters had 38.35 per cent stake in the company.
Shares of Hindustan Tin Works today settled at Rs 51.45 on the BSE, up 1.68 per cent.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.