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Templeton MF increases stake in Indian Rayon

Our Bureau

Mumbai , Aug. 6

INDIAN Rayon & Industries Ltd has informed the National Stock Exchange that Templeton Mutual Fund has through its various schemes acquired 4,10,360 shares of Indian Rayon & Industries Ltd taking its shareholding in the company to 7.06 per cent.

Giving details of the acquisition, Indian Rayon said that Franklin India Bluechip Fund (FIBCF) acquired 4,10,360 shares of the company. The mode of acquisition is market purchase.

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