DSP BlackRock Small Cap Fund pares exposure to Indoco Remedies Ltd

DSP BlackRock Trustee Company Pvt. Ltd (DSPBRTC) is the Trustee for the schemes launched by DSP BlackRock Mutual Fund (DSPBRMF) and DSP BlackRock Alternative Investment Fund (DSPBRAIF). DSPBRTC on behalf of the schemes of DSPBRMF and DSPBRAIF has sold equity shares of Indoco Remedies Limited (Company).

DSPBRTC had in past vide its letter dated March 7, 2018 reported the holding across various schemes of the DSPBRMF and DSPBRAIF at 5.02%.

There has been change in such holdings from the last disclosure made and such change results in increase/decrease of more than two per cent of total shareholding or voting rights in the target company.

One of the scheme viz. DSP BlackRock Small Cap Fund has sold 550,000 shares of the Company due to which the shareholding in the Company across various schemes has decreased to 2.57% (2,370,325 equity shares) of the paid up capital of the Co pany i.e. more than 2% since it was last reported.

Shares of INDOCO REMEDIES LTD. was last trading in BSE at Rs.174.5 as compared to the previous close of Rs. 180.75. The total number of shares traded during the day was 2853 in over 117 trades.

The stock hit an intraday high of Rs. 180.55 and intraday low of 172.2. The net turnover during the day was Rs. 501154.

Source : Equity Bulls

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