February 29, 2024

Smallcap World Fund purchased 36.15 lakh shares at a median worth of Rs 185.23

Smallcap World Fund purchased a stake price Rs 66.96 crore in NCC, shopping for 36.15 lakh shares at a median worth of Rs 185.23, which interprets to a 0.58 p.c stake within the infrastructure firm.

Late investor Rakesh Jhunjhunwala had invested in NCC. He first picked up stake in firm by way of his spouse Rekha in 2015 and in 2016 purchased extra stakes in his title.

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As per shareholding sample until December 2023, Rekha Jhunjhunwala holds 11.24 p.c stake within the firm. Shares of NCC surged 9.21 p.c to Rs 192.7 within the bourses.

On the opposite facet, Tryrock Capital Belief, the insurance coverage firm that held a stake in Goyal Salt, trimmed their stake within the firm. Tryrock Capital bought 1.92 lakh shares or 1.07 p.c stake within the firm at a median worth of Rs 177.09.

The overall worth of the transaction got here at Rs 3.4 crore. Tryrock Capital held 6.63 lakh shares or 3.7 p.c stake in Goyal Salt as per shareholding information until October 2023.

Tryrock Capital beforehand bought 0.64 p.c stake in Goyal Salt in November 2023. They bought 1.14 lakh shares at a median worth of Rs 168.68.

The inventory of Goyal Salt rallied 18.88 p.c to Rs 204.95 within the buying and selling session.

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