January 22, 2025
Bulk offers: SBI Mutual Fund picks 5% stake in Ideas Industries, promoters flip sellers

Shares of Ideas Industries surged 5.73 % to Rs 431.95 within the NSE within the buying and selling session.

SBI Mutual Fund purchased 64.25 lakh shares in Ideas Industries, equal to five % of the paid-up fairness, by open market transactions at a mean value of Rs 380 per share. The transaction is valued at at Rs 244.17 crore.

Promoters of Ideas Industries — Renu Kumar Taurani, Ramesh Sadhuram Taurani, Varsha Ramesh Taurani and Kumar Sadhuram Taurani — bought 65 lakh fairness shares, which is equal to five.06 % of paid-up fairness within the firm,  amounting to Rs 247.06 crore. The promoters collectively held 48.01 % stake within the firm as of December 2023.

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Shares of Ideas Industries surged 5.73 % to Rs 431.95 within the NSE within the buying and selling session.

In Ahlada Engineers, resident particular person shareholder, Bommareddy Upendra Reddy bought 91,038 shares or 0.7 % stake at a mean value of Rs 135.95. The transaction is valued at Rs 1.23 crore.

Ahlada Engineers inventory gained 2.83 % to Rs 132.45 within the NSE.

Starline Equifin bought 1.05 lakh shares at a mean value of Rs 73.46 in Biofil Chemical substances and Prescription drugs, which quantities to Rs 77.83 lakh. The corporate bought a 0.65 % stake within the firm. Starline held a 8.24 % stake within the firm as of December 2023.

Shares of Biofil Chemical substances and Prescription drugs rallied 8.97 % to Rs 72.25 in NSE.