Tata group's retail company Trent Ltd said Anil Dhirubhai Ambani-group unit Reliance Capital Trustee bought 8.68% stake in the company for Rs21.2 crore.
Trent, in a filing to the Bombay Stock Exchange (BSE), said Reliance Capital Trustee purchased 386,582 shares through a rights subscription on 31 August 2010.
The shares were bought by Reliance Capital Asset Management through various mutual fund series, including Reliance Equity Linked Saving Fund Series-I, Reliance Dual Advantage Fixed Tenure, Reliance Equity Opportunities Fund and Reliance Tax Saver ElSS Fund.
On Monday, Trent Ltd shares rose 3.2% to Rs1,166, while Reliance Capital shares ended 0.9% up at Rs790 on BSE. The benchmark Sensex gained 1.9% to 18,560 points.
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