HDFC Mutual Fund has reportedly sold 17.30 lakh shares of JBF Industries through the open market route. The shares were sold on an average price of Rs 69.50 valuing the transaction to Rs 12.02 crore. On the other hand, Ajit Baswant Patnekar has bought 853,704 shares of the company for an average price of Rs 69.50 through open market route.
JBF Industries is engaged in the manufacturing of polyester chips, partially oriented yarn and polyester processed yarn/specialty yarn at its plants at Silvasa in the Union Territory of Dadra and Nagar Haveli and at Valsad (Gujarat). The company is one of the leading names in Polyester business in India.
