Mirae Asset purchases 58,324 shares of Shree Cement

Mirae Asset has purchased 58,324 shares of Shree Cement amounting worth about Rs 22 crore through open market transactions. According to block deal data, ‘Mirae Asset AC Mirae Asset Meister IND EQ Master INV Trust’ purchased 30,284 shares for an average price of Rs 3,800 per share amounting worth Rs 11.50 crore.

In another transaction, ‘Mirae Asset AC Mira Asst IND Blue Chip EQ Mast Invest Trust’ acquired 28,040 shares of the company for an average price of Rs 3,800 per share amounting worth Rs 10.65 crore. Meanwhile, Nalanda India Equity Fund sold 58,324 shares in the company at a price of Rs 3,800 each.

Shree Cement is leading cement manufacturing in North India. The company markets its products under three Shree Ultra Jung Rodhak Cement, Bangur Cement and Tuff Cemento. The company’s manufacturing units are located at Beawar in district Ajmer, and Ras in district Pali, in Rajasthan. It also has grinding units at Khushkhera in Rajasthan.