​​​
  1. HDFC MF sells 2.01% stake in Procter & Gamble for Rs 429 cr

HDFC MF sells 2.01% stake in Procter & Gamble for Rs 429 cr

HDFC Mutual Fund has reduced its stake in FMCG firm Procter & Gamble Hygiene & Health Care Ltd (P&G) by 2.01 per cent by selling 6.52 lakh shares for Rs 429 crore in the open market.

By: | Published: July 7, 2015 8:07 PM

HDFC Mutual Fund has reduced its stake in FMCG firm Procter & Gamble Hygiene & Health Care Ltd (P&G) by 2.01 per cent by selling 6.52 lakh shares for Rs 429 crore in the open market.

HDFC Mutual Fund, which had 5.07 per cent stake earlier, brought down its shareholding in the company to 3.06 per cent, P&G said in a filing to the BSE.

The shares were offloaded on July 6, 2015 and based on the closing stock price of Rs 6,580.75, the transaction is estimated to have been valued at Rs 429.27 crore.

Procter & Gamble shares today closed 1.59 per cent up at Rs 6,685.40 apiece on the BSE.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top