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.
