Fertiliser manufacturer Zuari Industries (ZIL) today said that it had raised its stake in Nagarjuna Fertilisers and Chemicals (NFCL) and Texmaco through open market transactions.
While ZIL increased its share in NFCL to 6.66%, the company raised its stake in Texmaco to 4.95%.
ZIL earlier held 60,22,935 shares or 4.73% stake in railway freight car maker, Texmaco.
Earlier on June 17, it had through an open market transaction raised its stake in NFCL to 2,75,50,314 shares or 6.43%.
The company (ZIL) in a filing to the Bombay Stock Exchange (BSE) said that it had acquired 2,81,466 shares or 0.22% stake in Texmaco through the open market on June 20, which had taken its total share holding to 4.95%.
After the acquisition, the total shares of Texmaco with ZIL stands at 63,04,401, the filing added.
Both ZIL and Texmaco belong to the KK Birla group.
In a separate filing to BSE, ZIL said that it had further increased its stake in NFCL to 6.66% after it acquired 9,75,000 shares or 0.23% stake through the open market on June 20.
The total shares of NFCL with ZIL, after the acquisition stand at 2,85,25,314, it added.
ZIL manufactures urea and complex fertilisers and has forayed into cement, hybrid seeds, engineering consultancy, financial services and oil tanking through subsidiaries and joint ventures.
Shares of the company today settled at Rs 654, up by 2.12% from its previous close on the BSE.
