HDFC Mutual Fund reduces stake in MPS Ltd

HDFC Trustee Company Ltd has announced that HDFC Mutual Fund through its schemes was holding 10,04,047 equity shares or 5.39% stake in MPS Ltd (company). There has been a decrease in the holding of HDFC Mutual Fund schemes (HDFC Equity Savings Fund, HDFC Prudence Fund, HDFC TaxSaver) by 3.39% as of April 3, 2018.

As of April 3, 2018, the aggregate holding of the schemes of HDFC Mutual Fund in the company is 3.39% of the paid up equity share capital of the company. The funds have sold 3,72,900 equity shares or 2.00% in the company through open market sale on April 3, 2018.

Post this deal, the schemes of HDFC Mutual Fund hold 6,31,147 equity shares or 3.39% stake in the company.

Shares of MPS LTD. was last trading in BSE at Rs.516 as compared to the previous close of Rs. 519.95. The total number of shares traded during the day was 854 in over 44 trades.

The stock hit an intraday high of Rs. 529.95 and intraday low of 515. The net turnover during the day was Rs. 444180.

Source : Equity Bulls

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