Brookfield entity buys additional 1.7% stake in Nirlon; Aica Kogyo acquires over 17% shares in Stylam Industries from old promoters

Bulk Deals on February 17

• Brookfield entity buys additional 1.7% stake in Nirlon
• Aica Kogyo acquires over 17% shares in Stylam Industries from old promoters
• THCL Travel Holding Cyprus offloads 1.8% stake in Yatra Online

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Brookfield Corporation-backed BSREP IV FPI Two Holdings (DIFC) has acquired additional 1.7 percent equity stake in Nirlon, the kitchenware company, via open market transactions on February 17, while Aica Kogyo has picked up over 17 percent shares in Stylam Industries from old promoters.

Nirlon shares rose 1.46 percent to Rs 522.5 (the highest closing level since September 25, 2025) amid significant volumes, while Stylam Industries shares closed 0.04 percent higher at Rs 2,219.7 on the NSE.

As per the bulk deals data, Aica Kogyo Company, the Japanese chemical and construction materials manufacturer, has bought 29.01 lakh shares (equivalent to 17.1 percent of paid-up equity) in Stylam Industries, the laminate sheet maker, for Rs 652.94 crore.

This is addition to 10 percent shares already acquired by Aica Kogyo in Stylam on February 13.

Promoters Manav Gupta, Pushpa Gupta, and Dipti Gupta were sellers in the Stylam deal. The transaction price of the deal was Rs 2,250 per share.

Aica Kogyo has entered into share purchase agreement on December 26, 2025 with Pushpa Gupta, Dipti Gupta and Manav Gupta and Jagdish Gupta. Further, the company also signed another share purchase agreement on the same day with Saru Gupta, Nidhi Gupta and Jagdish Cupta.

Through both agreements, Aica has agreed to acquire up to 67.79 lakh shares (40 percent stake) in Stylam. Of which, it has bought 17.12 percent stake (as per first share purchase agreement) on February 17, and 10 percent on February 13, totalling to 27.12 percent stake and became promoter of the company.

Meanwhile, Brookfield-backed BSREP IV FPI Two Holdings (DIFC) has bought additional 15.33 lakh shares (1.7 percent stake) in Nirlon at Rs 519.72 per share, valued at Rs 79.71 crore. However, ICICI Prudential Mutual Fund has offloaded 14.01 lakh shares (1.55 percent stake) at Rs 520 per share for Rs 72.86 crore.

BSREP IV FPI already owned 10 percent shareholding in the company, while ICICI Prudential Mutual Fund through its Smallcap Fund was holding 2.22 percent stake as of December 2025.

The brisk action was also seen in Arvind SmartSpaces, the real estate developer, which shares rose 1.98 percent to Rs 552.45. Promoter entity Aura Securities has acquired 18.35 lakh shares (4 percent stake) in the company at Rs 545 per share, valued at Rs 100 crore, while Samkeet Enterprises picked up 3.66 lakh shares (0.79 percent stake) at same price for Rs 19.95 crore.

HDFC Capital Affordable Real Estate Fund-1, which held 8.79 percent stake as of December 2025, has offloaded 23 lakh shares (5.01 percent stake) in Arvind SmartSpaces for Rs 125.35 crore. The buying price was Rs 545 per share.

Easy Trip Planners was also in focus as the stock rallied 20 percent for second consecutive session. Arthkumbh Ventures LLP has bought 3.92 crore shares (1.08 percent stake) in the online travel company at Rs 9.41 per share, valued at Rs 36.97 crore.

Ganesh Employee Welfare Trust has bought 5 lakh shares in Ganesh Consumer Products at Rs 190.6 per share for Rs 9.53 crore, however, OPG Power Generation sold 3.35 lakh shares at Rs 190.75 per share for Rs 6.39 crore.

Promoter entity R R K Enterprise sold 20 lakh shares (0.82 percent stake) in MIC Electronics, the light-emitting diode (LED) street lights and video displays manufacturer, at Rs 42 per share, valued at Rs 8.4 crore. Despite which, the stock was up 0.79 percent at Rs 42.

Yatra Online shares plunged 3.82 percent to Rs 155.69 on the NSE, may be after promoter entity THCL Travel Holding Cyprus offloaded 28.33 lakh shares (1.8 percent stake) in the company at Rs 158.05 per share for Rs 44.77 crore.