HDFC Mutual Fund has increased its stake in Chalet Hotels to 7.05% through various schemes. The acquisition involved 45,00,305 shares acquired via open market purchases. Post-acquisition, HDFC Mutual Fund holds 1,54,07,303 shares in the company.
HDFC Mutual Fund Increases Holding
HDFC Mutual Fund has increased its stake in Chalet Hotels Limited, according to a disclosure. The acquisition was made through various schemes of HDFC Mutual Fund.
Details of Acquisition
Prior to this acquisition, HDFC Mutual Fund held 1,09,07,020 shares, representing 4.99% of the total share/voting capital. Through open market purchases, an additional 45,00,305 shares were acquired.
Post-Acquisition Holding
Following the acquisition, HDFC Mutual Fund’s total holding in Chalet Hotels has increased to 1,54,07,303 shares, which now represents 7.05% of the total share/voting capital of the company.
Source: BSE
