Mumbai-based generic crop protection, chemicals and seeds company UPL increased its stake in Advanta by 0.6 percent through open markets purchases on Thursday.
Mumbai-based generic crop protection, chemicals and seeds company UPL increased its stake in Advanta by 0.6 percent through open markets purchases on Thursday.
UPL bought 4.97 lakh equity shares at Rs 410.02 apiece, which bulk deal was worth Rs 20.4 crore. However, ITF Mauritius reduced its stake in the seed company by selling 5 lakh shares at Rs 410.03.
As of December 2014, promoter UPL (50.64 percent) along with other promoter group held 66.17 percent stake in Advanta while ITF Mauritius held 4.33 percent stake in same company.
On Thursday, the scrip of Advanta closed at Rs 413.80, up Rs 3.10, or 0.75 percent on the Bombay Stock Exchange.
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