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Tuesday, Jun 07, 2005

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HDFC picks 9.8% stake in Indraprastha Medical

Our Bureau

MUMBAI: HDFC Ltd bought 90 lakh equity shares of Indraprastha Medical Corporation, in a block deal on the BSE on June 2. This amounts to 9.8 per cent stake of the company.

HDFC officials said the acquisition is a part of its portfolio investment. The shares were bought at a price of Rs 42.90 a share.

As per the BSE Web site, on Monday, TWL Holdings sold 91.51 lakh shares of Indraprastha Medical Corporation at Rs 42.92.

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