HDFC Mutual Fund has bought 1,21,07,022 equity shares of Prism Cement. The MF has acquired the same at Rs 71.50 on the BSE. Recently, Prism Trust sold its entire holding of 1,23,51,600 equity shares held in Prism Cement. The Trust realized around Rs 88 crore, at an average price of about Rs 71.50 per share.
As on March 31, 2014, the promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 6.48% and 18.65% stake in the company, respectively.
Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.
