Founder group raises stake in Ramkrishna Forgings

Newswire

MUMBAI, Dec 1 (Reuters) - Ramkrishna Forgings Ltd on Monday said its founder group company, Basuki Portfolio Pvt Ltd, has raised stake in the firm by 3.59 percent to 37.89 percent.

Basuki Portfolio had acquired 550,000 shares of Ramkrishna Forgings through the open market, the auto parts maker said in a statement to the BSE. (Reporting by Aniruddha Basu; Editing by Harish Nambiar)

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