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.