Franklin Templeton Mutual Fund reduces stake in Aditya Birla Fashion & Retail Ltd

Franklin Templeton Mutual Fund (FTMF), through its various schemes has announced the sales of shares of Aditya Birla Fashion & Retail Ltd (ABFRL) through market sale.

FTMF was holding 23,751,355 equity shares or 3.078% stake in ABFRL. 709,749 equity shares or 0.092% stake in ABFRL was sold in market by FTMF on December 13, 2018.

Post these transactions, FTMF is holding 23,041,606 equity shares or 2.986% stake in ABFRL.

The schemes under FTMF that sold ABFRL shares are, Franklin India Equity Fund (252,020 shares or 0.033%), Franklin India Prima Fund (200,804 shares or 0.026%), Franklin India Taxshield (145,115 shares or 0.019%), Franklin India Equity Hybrid Fund (92,879 shares or 0.012%), Franklin India Pension Plan (12,624 shares or 0.002%) and Franklin India Debt Hybrid Fund (6,307 shares or 0.001%).

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.199.1 as compared to the previous close of Rs. 198.3. The total number of shares traded during the day was 273454 in over 4139 trades.

The stock hit an intraday high of Rs. 211.6 and intraday low of 197. The net turnover during the day was Rs. 55955922.

Source : Equity Bulls

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