SBI Mutual Fund Magnum Equity Fund has sold 17 lakh shares of KCP through the open market route. The shares were sold on an average price of Rs 63.01 valuing the transaction to Rs 10.71 crore. On the other hand, Sandhya G Parikh has bought 14.25 lakh shares in the company for an average price of Rs 62.98, through open market route valuing the transaction at Rs 8.97 crore.
KCP is a 74 year old diversified business group with a turnover over 200 million USD with interests in Cement, Heavy Engineering, Sugar, Power and IT. It has 9 manufacturing locations over various geographies in India and Vietnam.
