Dalmia Securities raises stake in Lanco Industries to 6.87%

It bought 11.35 lakh shares or 2.85% stake

Lanco Industries today said brokerage firm Dalmia Securities has increased stake in the company to 6.87% through open market purchase.

In an exchange filing, Lanco Industries said that Dalmia Securities bought 11.35 lakh shares or 2.85% stake in the company on December 9.

Following the transaction, Dalmia Securities has 27.35 lakh shares, amounting to 6.87% holding, in the company.

The mode of acquisition was "open market" in the BSE and NSE, Lanco Industries said.

Promoters had 50.78% stake in Lanco Industries as on December-end.

Shares of the company were trading at Rs 22.30 apiece, down 0.67% during the afternoon trade.