Reliance Capital’s arm hikes stake in KEC International to 5.10%

Reliance Capital Trustee Company, a subsidiary of Reliance Capital has increased its stake in power infrastructure builder KEC International to 5.10% for over Rs 6.86 crore on May 27, 2011. Reliance Capital Trustee Company has purchased 8.80 lakh equity shares of KEC International in an open market transaction.

Reliance Capital's subsidiary bought KEC International's equity shares through Geojit BNP Paribas Financial Services from the National Stock Exchange.

After this acquisition, the total holding of Reliance Capital Trustee Co in KEC International stood increased to 1.31 crore equity shares from 1.22 crore equity shares, representing 5.10% from 4.76% of the total paid up capital of KEC International, having a significant presence in the segments of power transmission and distribution, design services, cable, telecom, Railway, water resource management and tower manufacturing.