Jubilant Industries' 2.65% stake acquired by IDFC Mutual Fund

Jubilant Industries, fertilizer and chemical maker’s 2.65% stake were acquired by IDFC Mutual Fund through open market transactions, taking its total shareholding to 5.14%. IDFC earlier held 2.49% stake in Jubilant.

IDFC Mutual Fund through its scheme IDFC Small and Mid Cap Equity Fund had made purchase through the open market on July 22, 2011, which was around 2.65% of the paid-up capital of the company. The total paid-up capital of the company before the acquisition stood at Rs 8.01 crore.

Jubilant Industries is the flagship company of Jubilant Bhartia group and it produces single super phosphate (SSP), a crop nutrient. The company also produces industrial chemicals and performance polymers.