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Kridhan Infra soars 17% on FPI buying

On Monday, December 18, 2017, Government of Singapore acquired 895,058 equity shares representing or 1.2% stake in Kridhan Infra at price of Rs 92 per share on the BSE

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Global pension funds might be attracted by the certainty of the return on investment, an analyst said

SI Reporter Mumbai
Kridhan Infra soared 17% to Rs 117 on the BSE in noon deal after the foreign portfolio investor (FPI) bought the stake in the company through open market.

The trading volumes on the counter more than doubled with a combined 6.24 million shares changed hands on the BSE and NSE till 12:17 PM.

On Monday, December 18, 2017, Government of Singapore acquired 895,058 equity shares representing or 1.2% stake in Kridhan Infra at price of Rs 92 per share on the BSE, bulk deal data shows.

Mustray Impex and Services Private Limited had sold more than half

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