Suprajit Engineering, a manufacturer of two wheeler control cable, announced that pursuant to the open offer made to the shareholders of Phoenix Lamps, (opened on June 22, 2015 and closed on July 03, 2015) the company has acquired 15,021 Equity shares (0.05%) during the open offer.
Subsequently the equity share holding of Suprajit Engineering is increased to 51.05% in the capital of Phoenix Lamps.
Shares of the company gained Rs 0.4, or 0.3%, to trade at Rs 135.10. The total volume of shares traded was 1,638 at the BSE (9.40 a.m., Friday).