Comments
Credo India Thematic Fund today hiked its stake in IndusInd Bank by picking up 28.6 lakh shares in the private sector lender for about Rs 119 crore.
Credo, which held 1.53 crore shares or 3.28 per cent stake in IndusInd Bank at the end of September quarter, bought 28.6 lakh shares in the private sector lender (amounting to 0.6 per cent holding), the stock exchanges data showed.
The shares were purchased on average price of Rs 415.5 aggregating the deal size to Rs 118.83 crore.
The shares were acquired from Banque Profile De Gestion Sa, one of the shareholder of the bank. At the end of July-September quarter, the entity owned 1.24 crore shares or 2.65 per cent holding in IndusInd Bank.
IndusInd Bank scrip rose 1.41 per cent to close at Rs 417.20 on the BSE.
Comments
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.