📈 Sudarshan Chemicals Share Price Surges with HDFC Mutual Fund Purchase
HDFC म्यूचुअल फंड made a significant investment in Sudarshan Chemical Industries on Thursday, 15th February. The mutual fund purchased 17,75,551 shares of the company, amounting to ₹91.26 crores. This acquisition was made at a price of ₹513.99 per share.
On 15th February, Sudarshan Chemicals closed at ₹567.55 on the BSE, marking a 6.63% increase. The company has a market capitalization of ₹3,928.99 crores.
Founders of Sudarshan Chemical Industries, Nisha Ajay Rathi and Ajay Balakrishna Rathi, sold their shares in the market. Nisha sold her entire stake, while Ajay sold 2.02%. Nisha sold 4,00,404 shares at an average price of ₹514, while Ajay sold 14,00,000 shares at ₹514.18 per share.
According to the shareholding pattern for the December 2023 quarter, Nisha and Ajay held a 3% stake in the company. In the previous quarter, on 3rd February, they had sold a 2.02% stake.
BofA Securities Europe SA purchased 2,20,800 shares of Alpex Solar at a price of ₹7.45 crores. The shares were listed at ₹337.47 in the domestic market.
Another significant transaction was carried out by the Carlyle Group, who sold shares of Yes Bank worth ₹1,056 crores through open market transactions. The Carlyle Group sold a 1.35% stake in the bank through C.A. Bask Investments at ₹27.10 per share.
Morgan Stanley Asia (Singapore) purchased 30,63,05,668 shares of Yes Bank at ₹27.10 per share.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
