Steinberg India Emerging Opportunities Fund buys shares of Minda Corporation
As per a leading news agency, Kotak India Growth Fund II has sold 23,67,549 shares of Minda Corporation at Rs 112 per share on the BSE in Friday’s trading session. However, Steinberg India Emerging Opportunities Fund Ltd. has bought 24,90,000 shares at Rs 112 per share on the BSE. Minda Corporation closed at Rs 110.35, up by Rs 2.15, or 1.99%.
A holding company, Minda Corporation manufactures automotive components from several locations in India and its principal products include lock kits, spares, and lock and ignition switches. Meanwhile, Nifty ended at 9,837, down by 66 points, while Sensex ended at 31,524, down by 270 points on Friday. There were 587 advances, 1,098 declines, and 72 unchanged stocks on the NSE, indicating strong negative sentiments.