HDFC MF buys further 7.69% stake in MEP Infrastructure

HDFC MF picked up 90 lakh equity shares of MEP Infrastructure at BSE and another 35 lakh shares at the National Stock Exchange (NSE) through block deals, the fund house said in a statement.

HDFC Mutual Fund on Thursday acquired an additional 7.69% stake in toll management company MEP Infrastructure Developers Ltd. through open market transactions.

HDFC MF picked up 90 lakh equity shares of MEP Infrastructure at BSE and another 35 lakh shares at the National Stock Exchange (NSE) through block deals, the fund house said in a statement.

Currently, HDFC MF holds 4.25 per cent stake in MEP Infra.

Apart from HDFC MF, Reliance Mutual Fund and Birla Sunlife Mutual Fund Fund also hold stake in MEP Infra.

MEP Infra shares surged by 9.75 per cent to close at Rs. 56.30 on the BSE.