Reliance Mutual Fund (MF) has bought 3.79% stake in telecom cables firm Vindhya Telelinks for about Rs 20 crore through open market. The mutual fund house has purchased 450,000 shares of the total equity of the company at an average price of Rs 440 per share on October 3, 2014.
Meanwhile, Anand Omprakash Agarwal and others had sold a combined 500,000 shares of the company.
The company is the leading supplier of Jelly Filled Telecommunication Cables and Optical Fiber Telecommunication cables to BSNL, MTNL and other leading user organizations like Railways, Defense, Coalfields, NTPC, SAIL, Atomic Energy, Bharti, Tata Tele Service, Reliance Infocom etc.
