Citigroup Global Markets Mauritius has bought 40 lakh shares of Radico Khaitan through open market route. The shares were purchased on an average price of Rs 92 valuing the transaction to Rs 36.80 crore. On the other hand, HSBC Global Investment Funds Mauritius has sold 46 lakh shares in the company for an average price of Rs 92.01 through open market route.
Radico Khaitan is engaged in the manufacturing Rectified Spirit (RS), Extra Neutral Alcohol (ENA), Country Liquor and IMFL. The company has one of the largest distilleries in India at Rampur with molasses-based distilling capacity of 75 million litres per annum and grain-based distillation capacity of 27 million litres per annum.
