Principal PNB fund increases stake in Madhucon
Principal PNB fund increases stake in Madhucon >Principal Pnb Long Term Equity Fund acquired 2.65% stake in the Madhucon Projects to raise its holding to 5.71%, reports Business line. Earlier this month, Madhucon Projects secured Rs 812 million road improvement work by Pimpri-Chinchwad Navnagar Development Authority, Pune. Madhucon Projects was incorporated in 1990. The company`s principal businesses include construction of national and state highways, bridges, turnkey projects, irrigation projects like dams, canals and power houses, etc.
Shares of the company were last trading up Rs 0.85, or 0.36%, to Rs 235.9. The total volume of shares traded was 3,761 at the BSE. (Monday)
