Franklin India Smaller Companies Fund has bought 23.68 lakh shares of Heidelberg Cement through open market route. The shares were purchased on an average price of Rs 71.50 valuing the transaction to Rs 169.35 crore. On the other hand, Jupiter South Asia Investment Co - South Asia Access Fund has sold 20.03 lakh shares in the company for an average price of Rs 71.50 through open market route.
Heidelberg Cement India is is a subsidiary of Heidelberg Cement Group, Germany. The Company has its operations in Central India at Damoh (Madhya Pradesh), Jhansi (Uttar Pradesh) and in Southern India at Ammasandra (Karnataka). The Company increased its capacity to 5.4 million tones p.a. through brown field expansion of its facilities in Central India in 2013
