Nalanda India Equity Fund raises stake in Lovable Lingerie by 3.73% to 8.79%

Nalanda India Equity Fund has increased its stake in Lovable Lingerie by 3.73% to 8.79%. Recently, Nalanda India Equity Fund has acquired 316,536 equity shares of the company at price of Rs 300 per share.

As on September 30, 2013, Nalanda India Equity Fund held 5.64% or 948,356 shares in Lovable Lingerie. Meanwhile, the promoters holding in the company stood at 67.23% while institutions and non-institutions held 16.22% and 16.55% stake in the company, respectively.

Lovable Lingerie is one of India’s leading women’s innerwear manufacturers. Its products include slips / camisoles, home wear, shape wear, foundation garments and sleepwear products.