Bandhan MF exits Apollo Pipes, Motilal Oswal AMC sells over 2% stake in Styrenix Performance

Bulk Deals on March 10

• Bandhan Mutual Fund exits Apollo Pipes
• Motilal Oswal AMC sells over 2% stake in Styrenix Performance
• Morgan Stanley buys 0.77% stake in Nazara from Think India Opportunities Master Fund

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Bandhan Mutual Fund has completely exited Apollo Pipes, the PVC pipe and fittings manufacturer, while Motilal Oswal Asset Management Company has offloaded more than 2 percent equity stake in plastics material and resin manufacturing company Styrenix Performance Materials via open market transactions on March 10.

Apollo Pipes shares fell 3.46 percent to Rs 382.1, while Styrenix Performance shares rallied 2.85 percent to Rs 1,937.6 on the NSE.

Bandhan Mutual Fund, which invested through its Bandhan ELSS Tax Saver Fund, exited Apollo Pipes by selling entire 5 lakh shares (equivalent to 1.14 percent of paid-up equity) for Rs 20.16 crore. The scheme sold 2.5 lakh shares at Rs 395.7 and another 2.5 lakh shares at Rs 410.72 per share.

Motilal Oswal Mutual Fund offloaded 4.17 lakh shares (2.37 percent stake) in Styrenix Performance Materials for Rs 78.58 crore. The selling price was Rs 1,884 per share.

The brisk action was also seen in Nazara Technologies, the gaming and sports media platform, which rose 2.4 percent to Rs 245.55. Morgan Stanley Asia Singapore has acquired 28.85 lakh shares (0.77 percent stake) from Think India Opportunities Master Fund LP for Rs 69.18 crore. These shares exchanged at a price of Rs 239.8 per share.

As of December 2025, Cayman Islands-domiciled foreign portfolio investor Think India Opportunities Master Fund held 2.52 percent stake in Nazara.

Meanwhile, Morgan Stanley and BNP Paribas have exchanged shares of Niyogin Fintech, Repro India, and Aegis Vopak Terminals.

BNP Paribas Financial Markets has acquired 6.71 lakh shares (0.6 percent stake) in Niyogin Fintech at Rs 35.05 per share from Rs 2.35 crore from Morgan Stanley Asia (Singapore), while they exchanged 1.64 lakh shares (1.1 percent stake) of Repro India at Rs 392.5 per share for Rs 6.47 crore, and 15.91 lakh shares (0.1 percent stake) of Aegis Vopak Terminals at Rs 192.38 per share, valued at Rs 30.62 crore.

The small block deals were also seen in Federal Bank, Indian Bank, National Aluminium Company, and State Bank of India, wherein Societe Generale was the buyer and the seller was BNP Paribas Financial Markets.

Societe Generale has picked up 33.98 lakh shares in Federal Bank from BNP Paribas Financial Markets at Rs 276 per share for Rs 93.79 crore, while they have exchanged 6.8 lakh Indian Bank shares at Rs 925 per share for Rs 62.98 crore.

Further, Societe Generale has acquired 14.27 lakh shares in National Aluminium Company at Rs 388 per share for Rs 55.37 crore, and 4.49 lakh shares of State Bank of India at Rs 1,114 per share for Rs 50.02 crore from BNP Paribas Financial Markets.