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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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