Tuesday, September 17, 2024

Bulk Deals: RK Damani Reduces Stake in VST Industries

On September 17, 2024, Radhakishan Damani sold a 0.64% stake, equivalent to 100,000 shares, in VST Industries at an average price of ₹439.19 per share through a bulk deal. Damani's stake in the company was 3.47% as of June 30.

In other notable transactions, Ambit Investment Advisors acquired 861,000 shares of Menon Bearings at an average price of ₹120, while promoter Nitin Ram Menon sold 973,000 shares at an average price of ₹120.01. Menon's stake was 29.29% as of June 20.

Jitendra Mohandas Virwani sold 1.03% of his stake, or 121,000 shares, in MRO-TEK Realty at an average price of ₹120.34. Virwani held a 19.83% stake in the company as of June 30.

SBI Mutual Fund purchased 4.5 million shares, representing a 1.25% stake, in Nuvoco Vistas Corp at an average price of ₹352 per share. The Kotak Special Situations Fund sold an equivalent amount of shares at the same price. Kotak Special Situations Fund's stake was 3.54% as of June 30.

Additionally, BNP Paribas Financial Markets acquired 600,000 shares of Remsons Industries at an average price of ₹190.20.

Block Deals Highlights

On September 17, approximately 5.596 million shares were traded through block deals:

  • Nuvoco Vistas Corp: Kotak Special Situations Fund sold 4.5 million shares (1.25%) at ₹352 per share to SBI Mutual Fund. The stock closed 3.79% higher at ₹364.10.

  • Trent: Dodona Holdings Limited sold 1.096 million shares (0.3%) at ₹7,330 per share, with Siddhartha Yog as the buyer. The stock ended 1.1% higher at ₹7,400.


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