HDFC MF buys CESC shares worth Rs 20 cr

HDFC Mutual Fund on Friday acquired seven lakh shares of electricity generation and distribution firm CESC Ltd worth Rs 20 crore through the open market route.

According to data from stock exchanges, HDFC Mutual Fund A/C HDFC Top 200 Fund, purchased seven lakh shares of RP-Sanjiv Goenka group’s flagship firm.

The shares were bought on an average of Rs 286.24 valuing the deal to Rs 20.03 crore, the data showed. At the BSE, shares of CESC tanked by more than 15 per cent to settle at Rs 281.15 apiece.

In a separate bulk deal, Citigroup Global Markets Mauritius offloaded 1.92 crore shares of Lanco Infratech.

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