Ittefaq Ice and Cold Storage has acquired 28,273 equity shares of Panama Petrochem for an amount of around Rs 51 lakh through market purchase during the period June 15, 2018 to June 18, 2018.
After this acquisition, the entity’s stake has been increased from 2235271 equity shares or 3.70% to 2263544 equity shares or 3.74%.
Panama Petrochem is one of India’s leading manufacturers and exporters of petroleum specialty products.