Bhushan Infrastructure today said it has hiked its stake in Bhushan Steel to 3.29 per cent, after buying additional shares through an open-market transaction.
Bhushan Infra, one of the promoter group companies, has purchased over 3.01 lakh shares representing 0.71 per cent stake, Bhushan Steel said in a filing to the Bombay Stock Exchange.
Bhushan Infra had on March 12 purchased 1,48,000 shares, representing 0.35 per cent and on March 13 it had bought 1,53,026 shares, representing 0.36 per cent stake, aggregating to 3.29 per cent stake in Bhushan Steel, the filing added.
Prior to purchase, the promoter held 2.58 per cent stake and now it holds over 13.97 lakh shares representing 3.29 per cent stake in company.
Bhushan Steel was trading at Rs 309.95, up 0.99 per cent on the BSE.