ICICI Prudential Mutual Funds increase stake in Hindalco Industries Ltd

ICICI Prudential Asset Management Company Ltd through various schemes of ICICI Prudential Mutual Fund alongwith Eastspring Investments (Singapore) Limited and Jackson National Asset Management LLC have increased their stake in Hindalco Industries Ltd (company) through open market purchase.

Prior to the deal, ICICI Prudential Mutual Fund through various schemes had 11,14,40,328 equity shares or 4.96% stake in the company.

ICICI Prudential Mutual Fund has bought 9,13,323 equity shares or 0.04% stake in the company through open market purchase on March 8, 2018.

Post the deal, ICICI Prudential Mutual Fund through various schemes hold 11,23,53,651 equity shares or 5% stake in the company.

Shares of HINDALCO INDUSTRIES LTD. was last trading in BSE at Rs.225.95 as compared to the previous close of Rs. 227.15. The total number of shares traded during the day was 324956 in over 2067 trades.

The stock hit an intraday high of Rs. 227.8 and intraday low of 222.55. The net turnover during the day was Rs. 73384341.

Source : Equity Bulls

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