December 13, 2024
Bulk offers: Motilal Oswal fund pares stake in Zomato, Bandhan Core Fairness Fund buys stake in Hello Tech Pipes

Motilal Oswal Mutual Fund offered shares value Rs 621.67 crore in Zomato

Motilal Oswal Mutual Fund offered 0.52 p.c stake or 4.5 crore shares in Zomato at a mean worth of Rs 138.15. The transactional worth is Rs 621.67 crore. Societe Generale, Goldman Sachs Funding (Mauritius), I Restricted Quick Time period, Morgan Stanley Asia Singapore PTE, Citigroup World Market Mauritius, and BNP Paribas Arbitrage picked up stakes in Zomato via block offers.

Shares of Zomato fell 4.16 p.c to Rs 133.75.

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In Hello-Tech Pipes, Bandhan Core Fairness Fund picked up a 1.02 p.c stake within the firm whereas promoters Ajay Kumar and Sons offered 1.75 p.c of their possession. Bandhan purchased 14 lakh shares at Rs 148.5 per share whereas Ajay Kumar and Sons offered 24 lakh shares on the similar worth. Ajay Kumar and Sons held a 3.36 p.c stake within the firm as per the shareholding sample until December 2023. Ajay Kumar and Sons offered Rs 35.64 crore value of shares, whereas Bandhan purchased Rs 20.79 crore shares.

The Hello-Tech Pipes inventory had a unstable buying and selling session and closed 0.2 p.c beneath the day gone by’s shut at Rs 146.25.

In the meantime, AG Dynamic Funds offered a 1.67 p.c stake in Vikas Lifecare. AG Dynamics offered 2.4 crore shares at a mean worth of Rs 6.89. The entire worth of the transaction is Rs 16.53 crore. Shares of Vikas Lifecare surged 4.65 p.c to  Rs 6.75.