In a BSE release on July 10, Astra Microwave said Damani bought 8,96,387 shares of the company during the June quarter.
Ace investor and the owner of supermarkets chain D-Mart Radhakishan Damani bought 1.03 percent stake in defence sector player Astra Microwave Products in the June quarter of the financial year 2021.
Shares of Astra Microwave Products jumped over 9 percent to Rs 127.90 in intraday trade on BSE.
In a BSE release on July 10, Astra Microwave said Damani bought 8,96,387 shares of the company during the June quarter.
Damani did not have a stake in the company in the March quarter.
Among the mutual funds, Sundaram Mutual Fund, ICICI Prudential Infrastructure Fund and L&T Emerging Opportunities Fund held 5.45 percent, 1.36 percent and 1.33 percent stake, respectively, till the end of the June quarter.
Foreign Portfolio Investors (FPIs) held a 0.48 percent stake in the company in the same period.First Published on Jul 10, 2020 01:56 pm