Friday, June 14News That Matters

6 Shares bought by MV SCIF Mauritius


MV SCIF Mauritius, part of US-based asset managment company Van Eck Associates Corporation, picked up over two crore shares of six companies, including Unitech , Tata Elxsi , MTNL and Gitanjali Gems for an estimated amount of Rs 122.54 crore through open market route.

MV SCIF Mauritius purchased

  • Unitech ( 1.75 crore) for nearly Rs 58 crore¬† @¬† Rs 33.07 apiece.
  • MTNL (24 lakh),
  • Gitanjali Gems (4.97 lakh),
  • Tata Elxi (3.29 lakh),
  • Ceat Ltd (2.18 lakh),
  • Natco Pharma (1.74 lakh).

The entity also offloaded total of 1.92 crore shares worth Rs 64.6 crore of — Ashok Leyland , Spicejet and Punj Lloyd — according to the bulk deal information with the stock exchanges.

In separate transactions, MV SCIF Mauritius sold

  • 1.36 crore shares of Ashok Leyland for about Rs 44.50 crore.
  • offloaded 28.82 lakh and 27.13 lakh shares of Punj Lloyd and Spicejet, respectively.

Van Eck Global offers investment choices in a broad range of asset classes, including commodities and natural resource equities, emerging market equities and debt.

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