Bulk deals: Nippon India Small-cap fund buys 0.56% in Jindal Saw

bulk deals: nippon india small-cap fund buys 0.56% in jindal saw

Bulk deals: Nippon India Small-cap fund buys 0.56% in Jindal Saw

Nippon India Small-cap fund bought a 0.56 percent stake in Jindal Saw via a bulk deal on May 16.

Nippon India Small-cap fund bought 18 lakh shares of Jindal Saw at an average price of Rs 541.45 per share.

Cresta Fund bought a 0.62 percent stake in Jindal Saw at an average price of Rs 541.45 per share. It bought 20 lakh shares of the company.

Shares of Jindal Saw closed 0.64 percent down at Rs 544.3 on the National Stock Exchange.

Jindal Saw manufactures SAW Pipes (Submerged Arc Welded Pipes) and spiral pipes for the energy transportation sector. It also manufactures alloy and seamless pipes and tubes for industrial applications.

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