June 16, 2024

Promoters offload 3% stake in Kolte-Patil Builders

Promoters have offloaded a 3 p.c fairness stake in Kolte-Patil Builders, the Pune-based actual property developer, through open market transactions on December 29.

As per the majority offers information revealed by the exchanges, promoter Rajesh Anirudha Patil offered 11,40,066 fairness shares in Kolte-Patil at a median value of Rs 486 per share.

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Additional, Sunita Milind Kolte and Sunita Rajesh Patil, who’re a part of the promoter group, offered 7,60,044 fairness shares at a median value of Rs 486.01 per share, and three,80,022 shares for Rs 486 per share, respectively.

In whole, they offered 22,80,132 fairness shares within the firm, equal to three p.c of paid-up fairness, which was valued at Rs 110.8 crore.

Kolte-Patil Builders shares jumped 3.3 p.c to shut at Rs 502.

Azad Engineering was additionally in focus, rising 2.3 p.c to Rs 692.4, along with a 29 p.c rally on the itemizing day. PCA Securities Funding Belief Co Ltd by way of PCA India Fairness Fund acquired 3,39,902 fairness shares within the high-precision cast and machined elements maker, which is equal to 0.57 p.c of paid-up fairness.

The shares in Azad have been purchased at a median value of Rs 703.4 per share.

The key motion was additionally seen in Innova Captab, which had a muted debut on Friday however gained energy later and closed the itemizing day with 29 p.c features.

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Canara Robeco MF and Invesco MF have picked a 2.6 p.c stake within the pharmaceutical firm.

As per the majority offers, Canara Robeco Mutual Fund has purchased 9 lakh fairness shares, at a median value of Rs 474.41 per share, and Invesco Mutual Fund bought 6 lakh shares at a median value of Rs 452.1 per share.Image229122023