MoneyWorks4Me

GMO Emerging funds buy shares in CMI

12 Jan 2016 Evaluate

GMO-controlled funds -- GMO Emerging Markets and GMO Emerging Domestic Funds -- have bought 3.01 lakh and 11.78 lakh shares respectively in cable manufacturer CMI. These shares were bought at an average price of Rs 304 a share.

GMO run by the legendary Jeremy Grantham is a global investment management firm managing around $112 billion in client assets, while CMI was initially engaged in Copper Metal Trade and Copper melting and rod casting and later diversified into cable business.

Peers
Company Name CMP
Polycab India 7415.00
KEI Industries 3715.10
RR Kabel Ltd. 2138.65
Finolex Cables 1090.50
Precision Wire India 400.60
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