Alchemy Capital picks 0.78% stake in power and distribution transformers maker Shilchar Technologies

Bulk Deals on October 21

Alchemy Capital Management through its alternative investment fund has picked 0.78 percent equity stake in Shilchar Technologies, the manufacturer of power and distribution transformers via open market transactions on October 21, the Muhurat trading session.

Shilchar Technologies shares closed 1.77 percent higher at Rs 4,357.85 after volatility with significant volumes. The stock has been in lower high-lower low structure since June this year.

Alchemy Emerging Leaders of Tomorrow, the Category III Alternative Investment Fund, owned by Alchemy Capital Management has acquired 90,000 shares (0.78 percent stake) in Shilchar at Rs 4,347.43 per share for Rs 39.1 crore.

However, promoter Alay Jitendra Shah has offloaded 1.17 lakh shares (equivalent to 1.02 percent stake) in the company at Rs 4,350.26 per share for Rs 50.89 crore.

Promoters' shareholding in Shilchar was 64.01 percent and 35.99 percent stake was owned by the public as of June 2025.

Meanwhile, Silicon Rental Solutions stock staged stellar performance on Tuesday, rising 18.14 percent to Rs 188.9 with high volumes despite stake sale by the hedge fund, extending upward journey for another session.

Ovata Equity Strategies Master Fund, managed by Hong Kong-based Ovata Capital Management, sold 1.38 lakh shares (1.2 percent stake) in Silicon at Rs 191.11 per share, for Rs 2.64 crore.

The fund had held 1.9 lakh shares (1.67 percent stake) in the company as of September 2025.