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Birla Sun Life Mutual Fund has hiked its stake in Moody’s promoted ICRA Ltd.
The credit rating agency said on Monday that the mutual fund’s current holding stands at 8.1 per cent, second largest in the public sector category after SBI.
At the end of March quarter, its holding was at 6.37 per cent. On June 30 last year, Birla Sun Life had 5.25 per cent.
The mutual fund has been steadily increasing its holding in ICRA – since 2011 (3.51 per cent on June 30). Moody’s holding is 28.51 per cent. ICRA is currently ruling at Rs 990 on the BSE.
jayanta.mallick@thehindu.co.in
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