Fertiliser Manufacturer Zuari Industries Ltd (ZIL) today said that it has raised its stake in Nagarjuna Fertilisers and Chemicals Ltd (NFCL) and Texmaco Ltd through open market transactions. While ZIL increased its share in NFCL to 6.66 per cent,the company raised its stake in Texmaco to 4.95 per cent. ZIL earlier held 60,22,935 shares or 4.73 per cent stake in railway freight car maker,Texmaco. Earlier on June 17,it had through an open market transaction raised its stake in NFCL to 2,75,50,314 shares or 6.43 per cent. The company (ZIL) in a filing to the Bombay Stock Exchange (BSE) said that it has acquired 2,81,466 shares or 0.22 per cent stake in Texmaco through the open market on June 20,which has taken its total share holding to 4.95 per cent. After the acquisition,the total shares of Texmaco with ZIL stands at 63,04,401,the filing added. Both ZIL and Texmaco belong to the K K Birla group. In a separate filing to BSE,ZIL said that it has further increased its stake in NFCL to 6.66 per cent after it acquired 9,75,000 shares or 0.23 per cent stake through the open market on June 20. The total shares of NFCL with ZIL,after the acquisition stand at 2,85,25,314,it added. ZIL manufactures urea and complex fertilisers and has forayed into cement,hybrid seeds,engineering consultancy,financial services and oil tanking through subsidiaries and joint ventures. Shares of the company today closed at Rs 654,up by 2.12 per cent from its previous close at the BSE.
