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Capital Market | 7 February 2013

American Funds Buys Stake In Carborundum Universal

by Ahemad Shaikh
American Funds Buys Stake In Carborundum Universal
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Two MF entities of the same group, American Funds, bought over 38.45 lakh shares of @Carborundum_Universal Ltd.

American Funds Insurance bought 2429243 shares and Small Cap World Fund Inc. bought 1416424 shares at a price of R145.21 per piece amounting to over R55.84 Cr.

A major seller was found in HDFC AMC which offloaded 1531326 shares at a similar price of R145.81 per share which aggregated to more than R22.32 Cr.

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