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Motilal Oswal AMC buys 1.53 lakh shares of Phoenix Lamps

09 Jun 2016 Evaluate

Motilal Oswal Asset Management Company (AMC) has bought 1.53 lakh shares of Phoenix Lamps at an average price of Rs 132.16. Phoenix Lamps is undergoing a scheme of arrangement with Suprajit Engineering. Accordingly, shareholders of Phoneix Lamps will get four shares of Suprajit for every five shares held in the company.

Phoenix Lamps is the largest manufacturer of Automotive Lamps in India and caters to Indian OEMs, After Market and European Aftermarket segment.

Peers
Company Name CMP
SamvardhanaMotherson 158.00
Tube Investments 2166.50
Bosch 45042.70
UNO Minda 1087.50
Bombay Burmah Trdg. 1229.50
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