Stove Kraft MD buys company shares worth Rs 50 cr

Stove Kraft MD buys company shares worth Rs 50 cr

AgenciesUpdated: Thursday, March 10, 2022, 11:19 AM IST
article-image
According to the bulk deal data on BSE, he purchased 7.75 lakh shares at an average price of Rs 645 apiece./BSE | (PTI Photo/Kunal Patil)(PTI06-03-2020_000119B)

Stove Kraft Ltd managing director Rajendra Gandhi on Wednesday bought company shares worth Rs 50 crore through an open market transaction.

According to the bulk deal data on BSE, he purchased 7.75 lakh shares at an average price of Rs 645 apiece.

Gandhi, a promoter of the company, held 53.4 per cent stake in the firm at the end of December 2021.

Separately, SCI Growth Investments II sold shares of the company at the same price.

It is a public shareholder of the company and held 9.91 per cent stake, as per shareholding data for December 2021 quarter.

At 11.15 AM, shares of Stove Kraft on BSE were up 2.06 percent or Rs 13.90 at Rs 688.50 on Thursday.

RECENT STORIES

VIDEO: ‘India Negotiating Trade Pact With US, EU, Other Nations,’ Says Minister Piyush Goyal At...

VIDEO: ‘India Negotiating Trade Pact With US, EU, Other Nations,’ Says Minister Piyush Goyal At...

Government Withdraws 14 Quality Control Orders, Move Expected To Lift Polyester Fibre & Yarn Segment...

Government Withdraws 14 Quality Control Orders, Move Expected To Lift Polyester Fibre & Yarn Segment...

Markets Jump After Bihar Results, Did NDA’s Big Win Lift Sensex & Nifty?

Markets Jump After Bihar Results, Did NDA’s Big Win Lift Sensex & Nifty?

Infomerics Pays ₹65.25 Lakh To Resolve Sebi Case, Market Regulator Closes Proceedings After...

Infomerics Pays ₹65.25 Lakh To Resolve Sebi Case, Market Regulator Closes Proceedings After...

₹10,000 In Women’s Accounts, A Historic 10th Term? How Nitish Kumar Won Bihar With A...

₹10,000 In Women’s Accounts, A Historic 10th Term? How Nitish Kumar Won Bihar With A...