Mumbai, Oct 8 : Hindalco Industries, the flagship company of Aditya Birla Group, today said one of its promoter IGH Holding has increased its stake in the company by acquiring an additional 21.88 lakh equity shares.
IGH Holding has acquired 21,88,462 equity shares of the company on October 7 from the Stock Exchanges, Hindalco Industries said in a regulatory filing to the Bombay Stock Exchange.
Till the end of the June quarter, IGH Holding, held 8,83,07,573 equity shares in the company, representing 7.20 per cent stake in the A V Birla group company.
Earlier, the company on October 7 had announced that IGH Holdings has acquired 1,968,213 shares of the company from stock exchanges.
This is the third announcement of Hindalco in three consecutive days since October 6 regarding the acquisition of equity shares by IGH Holdings.
On October 6 also, Hindalco Industries had said that IGH Holdings has acquired 9,40,000 shares of the company from stock exchanges.
Shares of the company were trading at Rs 90.80, down 4.22 per cent on the BSE.
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