Devkinandan Corporation LLP, one of the promoters of Nandan Denim has increased stake in the company via open market. The promoter company purchased 61,300 shares of the company on December 19, 2014 at an average price of Rs 50.50 per share via open market through BSE and NSE.
Earlier on December 18, Devkinandan Corporation LLP bought 65,308 shares at an average price of Rs 48.54 per share from open market. Devkinandan Corporation LLP acquired 631,910 equity shares or 1.38% stake in Nandan Denim between October 1, 2014 and December 19, 2014. Total holding of Devkinandan Corporation LLP in the company increased to 5.72% from 4.34% at the end of September 2014 quarter.
Nandan Denim is company engaged in textile industry, manufacturing gray cotton fabrics, khakhis and denims.
