Promoters of MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company have purchased 12 lakhs shares in bulk deal and increased their shareholding from 41.92% to 44.02%.
Commenting on the transaction Mr. R. C. Mansukhani, Founder and Chairman of the Company said that 'We are very confident on the prospects of the Company and we continue to explore opportunities to enhance shareholder's value.'
Shares of MAN INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.53.5 as compared to the previous close of Rs. 51.05. The total number of shares traded during the day was 18991 in over 175 trades.
The stock hit an intraday high of Rs. 56.35 and intraday low of 51.05. The net turnover during the day was Rs. 1026613.