Friday, September 14, 2007

Reliance MF Acquires Shares In 2 Firms From Fiis

MUMBAI: Anil Ambani group firm Reliance Mutual Fund on Sept 13, acquired shares in CCL Products and House of Pearl Fashions worth Rs 33.65 crore from two foreign institutional investors in open market transactions. Reliance MF on account of Reliance Long Term Equity Fund has bought 9.56 lakh equity shares of CCL Products at a price of Rs 250 each in a bulk deal on Bombay Stock Exchange. Foreign fund Citigroup Global Markets sold off 4,28,000 shares of CCL Products at a price of Rs 250.40 each in a separate deal. The Reliance MF scheme purchased 3.81 lakh equity shares of House of Pearl Fashion at a price of Rs 255 each in another bulk deal on BSE.

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