Authum Investment picks additional 2.6% stake in Bharat Wire Ropes

Bulk Deals on November 3

NBFC Authum Investment & Infrastructure has acquired additional 2.6 percent equity stake in Bharat Wire Ropes, the steel wire rope manufacturing company, via open market transaction on October 3

Bharat Wire Ropes shares rallied 4.69 percent to finish the session at Rs 210.58, snapping three-day losing streak.

Authum Investment & Infrastructure, which already has 15.89 percent shareholding as of September 2025, bought 18 lakh shares (equivalent to 2.6 percent of paid-up equity) at Rs 210 per share for Rs 37.8 crore.

However, Alpana Sanjay Dangi was the seller for the above 2.6 percent stake. As per the September shareholding pattern, she held 7.61 percent shares in Bharat Wire Ropes.

Meanwhile, the action was also seen in Black Box, the technology solutions and services provider, which rebounded 4.31 percent to Rs 553.5 after five-day correction amid high volumes. This was despite more than a percent stake sold by one of the investors.

India Opportunities Growth Fund - Pinewood Strategy offloaded 10.04 lakh shares in Black Box at Rs 550 per share for Rs 55.2 crore, and 9.95 lakh shares at Rs 550.03 per share for Rs 54.75 crore.

Dredging Corporation of India shares were locked in 20 percent upper circuit to close at Rs 889.35 on Monday, in addition to nearly 19 percent rally last week, continuing upward journey for third consecutive week.

Invesco Mutual Fund bought 1.52 lakh shares (0.54 percent stake) in Dredging Corporation at Rs 851.7 per share for Rs 13 crore.

The action was also seen in Fineotex Chemical, which surged 7.4 percent to Rs 32.05 despite Nippon Mutual Fund sold 29.58 lakh shares at Rs 33.2 per share for Rs 9.82 crore.

Despite 1.45 percent stake sold by alternate investment funds, TSC India shares soared 5 percent to Rs 63. Viney Growth Fund offloaded 1.1 lakh shares in the travel management company at Rs 62.81 per share for Rs 69.09 lakh, and Persistent Growth Fund Varsu India Growth Story Scheme 1 sold 94,000 shares at Rs 62.93 per share for Rs 59.15 lakh.

The buying was also seen in Exhicon Events Media Solutions despite alternate investment fund offloading 1.89 percent stake in the company, rising 8.36 percent to Rs 488.75 amid high volumes.

India Equity Fund 1 sold 2.49 lakh shares in Exhicon Events Media Solutions at Rs 447.15 per share, valued at Rs 11.15 crore, against its 3.53 percent shareholding at the end of September 2025.