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Abu Dhabi Investment Authority sells 2% stake in Laxmi Dental, ICICI Prudential MF buys 2.91% shares

As of June 2025, Abu Dhabi Investment Authority had held 3.18 percent stake in Laxmi Dental.

September 15, 2025 / 22:21 IST
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Bulk, Block Deals on September 15

Abu Dhabi Investment Authority, the global investor on behalf of the Government of Abu Dhabi, sold 2.03 percent stake in Laxmi Dental, the dental products company via open market transactions on September 15.

Laxmi Dental shares corrected 0.83 percent to Rs 303.40 on Monday, extending its downtrend for fifth consecutive session. It has dropped more than Rs 200 from July high of Rs 510.

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Abu Dhabi Investment Authority (ADIA) sold 5.58 lakh shares each in Laxmi Dental at Rs 303.01 per share, and Rs 303 per share, respectively, which is equivalent to 2.03 percent stake valued at Rs 33.82 crore. As of June 2025, ADIA had held 3.18 percent stake in the company.

However, ICICI Prudential MF acquired 8,62,523 shares at Rs 303 per share, and 7,38,436 shares at Rs 303 per share in the dental products company, which totalled to 2.91 percent stake worth Rs 48.5 crore.