IL&FS Trust's Deccan Cements stake up
IL&FS Trust company had 12.47 lakh shares or 17.81 per cent stake in the Hyderabad-based cement manufacturer before the transaction held between February and November this year. During the period, IL&FS Trust Company bought 1.4 lakh shares or 2.01 per cent stake in the company through open market transactions both in BSE and National Stock Exchange.
As on September-end, Deccan Cements' promoters had 55.95 per cent stake in the company.
Shares of the company today settled at Rs 243.90 at the BSE, up 1.65 per cent over the previous closing.
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