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ECE Industries’ promoter acquires 4.1% stake

31 Mar 2015 Evaluate

ECE Industries’ promoter acquired an over four percentage points stake in the company via open market. Prakash Kumar Mohta bought 316,842 equity shares representing 4.1% stake in the company though open market on March 30, 2015.

Post transaction, Prakash Kumar Mohta holding in ECE Industries increased to 16.71% from 12.61% earlier. As of December 31, 2014, the promoters held 58.16% stake in ECE Industries.

ECE Industries is engaged in manufacturing of Transformers, Meters and Elevators.

Peers
Company Name CMP
Waaree Energies 2462.00
Apar Industries 17262.00
Havells India 1084.85
Suzlon Energy 39.88
Siemens 3800.00
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