 "Divestment, privatisation, stake sale, disinvestment")
In January this yr, Damani had acquired 2.22 lakh shares or 1.44 per cent stake in VST Industries.
HDFC Mutual Fund on Monday bought a 2 per cent stake in VST Industries for Rs 122 crore by way of open market transactions.
In response to the majority deal knowledge obtainable with the BSE, HDFC Mutual Fund bought a complete of three,30,811 shares, amounting to a 2.14 per cent stake in VST Industries.
The shares had been disposed of throughout the worth vary of Rs 3,690-3,690.38 apiece, taking the deal worth to Rs 122.07 crore.
After the most recent transaction, HDFC Mutual Fund’s shareholding has declined to three.7 per cent from 5.84 per cent (as of December 2023).
In the meantime, Radhakishan Shivkishan Damani, promoter of Avenue Supermarts, purchased 2.33 lakh shares or 1.5 per cent stake in VST Industries for Rs 86.24 crore.
The shares had been acquired at a median worth of Rs 3,689.96 apiece, taking the deal worth to Rs 86.25 crore.
After the stakebuy, Radhakishan Damani turns into the most important shareholder of VST Industries.
As of December 2023, entities owned by Damani, together with Vivid Star Investments Pvt Ltd and Derive Buying and selling and Resorts, maintain a mixed shareholding of 30.71 per cent.
In January this yr, Damani had acquired 2.22 lakh shares or 1.44 per cent stake in VST Industries.
Different patrons couldn’t be ascertained.
Shares of VST Industries fell 0.34 per cent to shut at Rs 3,689.90 apiece on the BSE.
In a separate transaction, the Massachusetts Institute of Expertise purchased 66 lakh shares of Marksans Pharma for Rs 104 crore by way of an open market transaction.
Massachusetts Institute of Expertise acquired 66 lakh shares of Marksans Pharma at a median worth of Rs 158 apiece, as per the majority deal knowledge on the Nationwide Inventory Trade (NSE).
This took the deal worth to Rs 104.28 crore.
Particulars of the sellers couldn’t be ascertained.
On Monday, shares of Marksans Pharma plunged 4.14 per cent to settle at Rs 156.10 apiece on the NSE.
In one other bulk deal on the BSE, Chicago-based North Star Funding Administration purchased 10 lakh shares of Eureka Forbes for Rs 47 crore by way of an open market transaction.
North Star Funding Administration by way of its affiliate North Star Alternatives Fund VCC-Bull Worth Included VCC Sub-Fund bought 10 lakh shares of Eureka Forbes at a median worth of Rs 468.02 per piece, as per knowledge on the BSE.
This took the transaction measurement to Rs 46.80 crore.
Particulars of the sellers couldn’t be ascertained.
The scrip of Eureka Forbes rose 3.75 per cent to finish at Rs 480.05 apiece on the BSE.
(Solely the headline and film of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Apr 15 2024 | 11:25 PM IST
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