Franklin Templeton Mutual Fund acquires 2.64% in India Infoline for Rs.186

India Infoline Ltd has announced that Franklin Templeton Mutual Fund has acquired 2.64% stake in the Company for a consideration of Rs 22.34 crores. The shares have been purchased from the open market at approximately Rs 186 per share.

Prior to acquisition Franklin Templeton Investments had a 5.7 % stake in the company, which has now risen to 8.34 %.

The total FIIs holding in the company is 13.1% and Mutual fund holding is 7%.

Source : Equity Bulls

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