The BSL stock has become active once again, but this time with the promoters mopping up shares. Promoters of BSL have increased their holding in the company by 2.46 per cent to 43.53 per cent.
In an intimation to the stock exchanges, the company has informed that promoter group through Shree Wardhan Stock Holdings, Bhilwara Commerce, Mandawa Niyojan, Churiwal Properties & Investments, PRC Niyojan has acquired 1,80,641 shares amounting 2.46 per cent, through market purchase. The shares were acquired between April 4 and May 26.
The total shareholding of the promoter group after this acquisition was at 43.53 per cent as opposed to 41.07 per cent at the end of December quarter.
The promoters had been scaling up their holding in the company ever since the Sarda raid.
Their holding, which was at 34.32 per cent at the end of March last year, was increased to 41.07 per cent, which indicated an increase of 6.75 per cent over the period of one year.
Arun Kumar Churiwal, chairman and managing director BSL confirmed that the promoters had picked up shares but, refused to comment on whether they would scale up their holding further.
Analysts said, the BSL stock had been witnessing an unusual spurt over the last month. After Sardas
