Dalmia Securities has increased stake in Lanco Industries to 6.87% through open market purchase. The brokerage firm has bought 11.35 lakh shares or 2.85% stake in the company on December 9, 2013.
Following the transaction, Dalmia Securities has 27.35 lakh shares, amounting to 6.87% holding, in the company.
Lanco Industries is engaged in the manufacturing of DI pipes, foundry and SG-grade pig iron and portland slag cement with DI pipes being the main product.