Bulk deals: Ace Investor Ashish Kacholia offloads 8.25% stake in Naman Industries Proxima

Vanguard Total International Stock Index Fund sold 7.21 lakh (0.53 percent stake) shares in NIIT at Rs 59.77 for Rs 4.31 crore

• Ashish Kacholia sold Naman Industries, bought Aela Commodities
• Norges Bank and Vanguard sold stakes in Zee and NIIT
• Sensex rose 325.72 points, Nifty gained 112.35 points on March 20

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Ace investor Ashish Kacholia sold shares in Naman Industries and bought stake in Aela Commodities in bulk deals on March 20. Meanwhile, Norges Bank and Vanguard Total International Stock Index Fund were among institutional investors that sold shares in Zee Entertainment and NIIT, respectively via bulk deals during the session.

Kacholia sold 10.78 lakh shares (8.25 percent) in Naman Industries Proxima at Rs 53.41 per share for Rs 5.76 crore, while he bought 7.73 lakh shares in Aela Commodities at Rs 120.5 per share for Rs 9.32 crore. At close, the stock was trading Rs 51.50, around 0.39 percent higher.

Here are the other bulk deals that took place on both exchanges on March 20.

Vanguard Total International Stock Index Fund sold 7.21 lakh (0.53 percent stake) shares in NIIT at Rs 59.77 for Rs 4.31 crore, while Chanakya Opportunities Fund I offloaded 2.49 lakh shares (1.07 percent) in Tridhya Tech at Rs 8.15 for Rs 20.29 lakh.

Norges Bank sold 60.99 lakh shares (0.63 percent) in Zee Entertainment at Rs 72.73 for Rs 44.36 crore.

India Capital Management Limited bought 1.64 lakh shares (0.61 percent) in Ganesha Ecosphere at Rs 828 for Rs 13.60 crore, while Pine Oak Global Fund sold 3.95 lakh shares (1.85 percent) in Monika Alcobev at Rs 240 for Rs 9.48 crore.

Emerging Market Fund PCC - Citadel Capital Fund and Emerging Market Fund PCC - Elite Capital Fund bought a combined 3.95 lakh shares (1.87 percent and 0.68 percent) in Monika Alcobev at Rs 240 for Rs 9.48  crore per share.

After witnessing a sharp decline in the previous session, Indian equity indices staged a strong rebound on March 20, supported by broad-based buying across sectors. At close, the Sensex was up 325.72 points or 0.44 percent at 74,532.96, and the Nifty was up 112.35 points or 0.49 percent at 23,114.50.