Reliance Mutual Fund has increased its stake in India-based producer Madras Cements to just over five per cent with the acquisition of 90,000 shares.
With this acquisition on 14 June, the Chennai-based cement maker said the fund house's holding in the company now stands at 5.01 per cent, or 1.193 crore shares, according to a Bombay Stock Exchange filing by Madras Cements.
Reliance Mutual Fund is a part of Reliance Capital, the financial services arm of Anil Ambani Group.
(Source: Press Trust of India)

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