SBI Mutual Fund acquires 3.8% stake in Happy Forgings for Rs 341 cr

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SBI Mutual Fund acquires 3.8% stake in Happy Forgings for Rs 341 cr - Business Standard

Quick Summary:

SBI Mutual Fund on Friday picked up an additional 3.8 per cent stake in auto components maker Happy Forgings for Rs 341 crore through an open market transaction.

Meanwhile, Business Excellence Trust III offloaded 39.10 lakh shares or 4.2 per cent stake in Happy Forgings for Rs 371 crore through an open market transaction.

According to the bulk deal data available with the BSE, SBI Mutual Fund purchased 35.91 lakh shares, amounting to a 3.8 per cent stake, of Happy Forgings.