Singapore fund management co Amansa Holding hikes stake in Ceat to over 5%

New Delhi: Singapore-based fund management company Amansa Holding Pte has increased its stake in tyre major Ceat to over 5 percent by acquiring 1.17 percent stake through secondary market purchase.

 Singapore fund management co Amansa Holding hikes stake in Ceat to over 5%

Reuters

Amansa has acquired 4,75,000 shares of the tyre maker constituting 1.17 percent stake, thereby taking its overall stake in the firm to 5.19 percent, Ceat said in a BSE filing.

Before acquiring the 1.17 percent stake on September 23, the fund management firm had 16,24,884 shares in Ceat, constituting a stake of 4.02 percent.

Ceat manufactures radial tyres for a range of vehicles including buses, trucks, cars, bikes and scooters among others.

The stock was trading 0.72 percent up at Rs 1,203.70 on BSE.

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Updated Date: Sep 28, 2016 14:56:39 IST