KEC International’s promoter -- Instant Holdings has bought over 1% stake in the infrastructure major for Rs 111 crore through an open market transaction. It has purchased 28.05 lakh shares, amounting to 1.09% stake in the firm. The shares were acquired at an average price of Rs 395.95, valuing the transaction at Rs 111.07 crore. The shares were sold by Stellar Energy Trust.
KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.
