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HDFC MF offloads 2.05% stake in Punj Lloyd

Post these transactions, HDFC Mutual Fund’s stake in Punj Lloyd has reduced to 3.04%

May 22, 2013 4:31 IST | India Infoline News Service
Mumbai-based HDFC Mutual Fund has offloaded 2.05% stake in Punj Lloyd 6.78% for about Rs. 344.3 million in the last couple of years through open market sales.

HDFC Mutual Fund said that four of its funds -- HDFC Top 200 Fund, HDFC TaxSaver, HDFC Infrastructure Fund and HDFC MF Monthly Income Plan-- sold 68,01,895 shares in Punj Lloyd between March 19 and May 17, amounting to 2.05% of its stake, the AMC said in a filing to the BSE,
Post these transactions, HDFC Mutual Fund’s stake in Punj Lloyd has reduced to 3.04% or 10,084,540 shares.

Shares of Punj Lloyd today fell 3.19% to close at Rs 51.60 apiece on the BSE.

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