Greaves Cotton advances 17% in two days as promoter increases stake in firm

Thus far in November, D B H International Private Limited and Karun Carpets have collectively bought 1.86 million equity shares of the company for Rs 13.67 crore.

Shares of Greaves Cotton gained 12 per cent to Rs 85.90 on the BSE in intra-day trade on Friday, thereby surging 17 per cent in the past two trading days after promoter increased stake in the company via open market purchases.

On Wednesday, November 25, 2020, D B H International Private Limited, the promoter group Greaves Cotton has acquired 207,500 equity shares of company at an average price of Rs 73.82 per share, according to disclosure made by company to the stock exchange.

Thus far in November, D B H International Private Limited and Karun Carpets Private Limited