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Dalmia Securities hikes stake in Lanco Industries

10 Dec 2013 Evaluate

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.

Peers
Company Name CMP
AIA Engineering 3114.10
Alicon Castalloy 829.25
Nelcast 157.45
PTC Industries 24394.45
Synergy Green Inds. 546.80
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