Promoter group hikes stake in Revathi Equipment
A promoter-controlled investment vehicle, Renaissance Asset Management has hiked its stake in Revathi Equipment through secondary market purchases, a BSE announcement said.
Last month, Renaissance, which is owned by Abhishek Dalmia-controlled Renaissance Group, picked up 0.31% to hike Dalmia’s shareholding in the Coimbatore-based company to over 64%.
Shares of Revathi Equipment were marginally up at Rs 445.10, at 10:10 AM.
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