HDFC Trustee Company has bought 4.02 lakh shares of Apar Industries through the open market route. The shares were purchased on an average price of Rs 365.81 valuing the transaction to Rs 14.70 crore.
Apar Industries is engaged in the manufacturing of transformer and specialty oils along with transmission & distribution overhead conductors. It is the second largest manufacturer of power conductors in India. The company is also engaged in the manufacture of electrical and telecom cables.