[ad_1]
Mumbai: Axis Mutual Fund on Thursday provided 94.97 lakh shares or 2.22% equity stake in V-Guard Industries for ₹152.18 crore, by way of open market transactions.
The mutual fund supervisor offloaded 9.50 million shares of V-Guard Industries in secondary market at a imply worth of ₹160.25 per share on the National stock Exchange (NSE), valuing the transactions at ₹152.18 crore, the bulk provides information confirmed.
The mutual fund held 4% equity stake inside the agency as per the shareholding pattern as of June 2020.
SBI Mutual Fund bought the shares provided by Axis, change information displays.
On a consolidated basis, V-Guard Industries a drop of 93% in internet income to ₹3.64 crore in Q1 June 2020 in distinction with an online income of ₹53.03 crore in Q1 June 2019. Net product sales fell 42.3% to ₹408 crore in Q1 June 2020 over ₹706.65 crore in Q1 June 2019.
From the beginning of the 12 months, V-Guard Industries misplaced 20% in opposition to a loss of 7% inside the benchmark index, Sensex. From March lows, the stock gained whereas Nifty was up 47%.
[ad_2]
Source hyperlink
outwaynetwork