Mutual fund, HNIs buy over 3% stake in Snowman Logistics

15 Sep 2014 Evaluate

Mutual fund and high net worth individuals (HNIs) have bought more than three percent stake in Snowman Logistics through open market. One of India's ace investors, Radhakishen Damani and Reliance Mutual Fund had collectively purchased 5.97 million shares representing 3.58% stake of the company on the listing day.

Radhakishen Damani bought 2.37 million shares of a cold storage company through his fund, Derive Investments, at price of Rs 78.90. Further, Reliance Mutual Fund has bought 2 million shares at Rs 79.04 per share, while Reliance Mutual Fund Tax Saver (ELSS) Fund had acquired 1.6 million shares at Rs 79.80 per share on NSE.

The company is currently an integrated temperature controlled logistics services provider with 23 temperature controlled warehouses across 14 locations in India including Serampore (near Kolkata), Taloja (near Mumbai), Palwal (near Delhi), Mevalurkuppam (near Chennai) and Bengaluru capable of warehousing 58,543 pallets and 3,000 ambient pallets.

Snowman Logistics Share Price

66.39 1.23 (1.89%)
17-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
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