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HDFC MF Ups Stake in Nagarjuna Const

The fund has informed the exchanges about having picked up shares over a protracted period from the markets

Nagarjuna Construction Co Ltd has been in the news over the recent months for having been part of the Maytas-led consortium to build two airports in Gulbarga and Shimoga in Karnataka.

While no scam-tainted rub-off as such has happened, the company is in the news now for reasons that can only be referred to as pleasant by the management.

A report appearing in Business Line has indicated that HDFC Mutual Fund has increased its stake, by picking up shares from the market, in the company from 5.12 per cent in October 2008 to 7.12 per cent in June 2009.

The share capital of Nagarjuna Construction, on June 5, is pegged at Rs 45.77 crore, which includes 22.8 crore equity shares of Rs 2 each.

Nagarjuna Construction on Friday is trading up by 1.07 per cent at Rs 137 per share on the Bombay Stock Exchange. It closed on Thursday at Rs 135.55.

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Funds That Invest in Nagarjuna Cons
Who Owns What?
HDFC MF Snapshot
Nagarjuna Construction Snapshot