HDFC Trustee Company A/C HDFC Prudence Fund has bought 2,429,998 equity shares of Gujarat State Fertilizers and Chemicals (GSFC) in an open market transaction on January 04, 2013. The asset management company has bought the shares at Rs 68.50 a piece on National Stock Exchange (NSE) valuing the deal at around Rs 16.64 crore.
GSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.
