HDFC Mutual Fund, India’s third-largest fund house by assets under management (AUM), raised its stake in logistics company Blue Dart to above 5%, according to a filing shared with the exchanges. The stock is also part of ace investor and DMart promoter Radhakishan Damani’s portfolio.
As of the June quarter shareholding pattern, Damani held a 1.19% stake in Blue Dart Express, valued at nearly ₹164 crore.
HDFC MF Shareholding Details in Blue Dart
Meanwhile, HDFC Mutual Fund saw its stake in the company climbing to 5.01% from 4.85% earlier as it acquired 38,934 shares of Blue Dart, representing a 0.16% stake. The stake was acquired via the open market.
The mutual fund holds a stake in the logistics services provider via 12 schemes.
