Innoventive gains on StanChart PE stake hike report

Chennai | Updated on October 11, 2011

The stock of Innoventive Industries, a company into iron and steel products, gained Rs 3 or 3.3 per cent at Rs 92 against the previous day's close of Rs 89. The stock was firm after the company informed the exchanges (on Monday) that Standard Chartered Private Equity has acquired another 2.84 per cent stake from open market, increasing its stake in the company from 6.98 per cent to 9.82 per cent.

In the last two days, the stock jumped over Rs 10 or 12 per cent.

Published on October 11, 2011

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