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Mumbai, July 7

Prudential ICICI Mutual Fund has increased its stake in Sunil Hitech Engineers Ltd, a company specialising in fabrication, erection, testing and commissioning of thermal power plants, an official statement said. The shareholding of Prudential ICICI Balanced Fund alone in Sunil Hitech is 2,04,940 shares aggregating to 2.044 per cent. The other schemes that hold a stake in the company include Prudential ICICI Emerging Fund, Prudential ICICI Child Gift Plan, Prudential ICICI Monthly Income Plan, Prudential ICICI Child Care Gift Plan and Study Plan. The annual turnover of the company is around Rs 133 crore with an order book position of Rs 350 crore.

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