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Swiss Finance Corporation reduces stake in MM Forgings by over 60%

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MM Forgings LogoMM Forgings operates in the Engineering sector with key products or revenue segments being Steel Forgings and Power Generation. The company also has expertise in forging wide variety of components. It manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels catering to the forging requirements of almost all sections of industry.

MM Forgings Sales Breakup 31 March 2016

Swiss Finance Corporation (Mauritius) sold 2/3 of its holding in the company at an avg. price of Rs. 410/- per share. For the period ended 30 June, 2016 the holding stood at 275,416 shares or 2.28% of which 183,256 shares or 1.52% was sold between the National and Bombay Stock Exchange. Swiss Finance Corporation (Mauritius) Limited operates as a subsidiary of UBS AG.

The stock is also held by Big Whale Anil Kumar Goel i.e. 175,000 shares or 1.45%.

MM Forgings Share Price 18 July 2016

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