HomeNewsBusinessMarketsBulk deals: Albula Investment sells Rs 135 cr stake in Lumax Auto, Nippon India MF buys Rs 112 cr worth of shares

Bulk deals: Albula Investment sells Rs 135 cr stake in Lumax Auto, Nippon India MF buys Rs 112 cr worth of shares

BNP Paribas Arbitrage was a heavy seller in the session as they offloaded shares in multiple companies.

February 29, 2024 / 21:20 IST
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BGR Energy Systems Promoter Sasikala Raghupathy continued offloading her stake in the company as she sold 30,65,946 shares or 4.24 percent stake at Rs 50.9.

Albula Investment Fund offloaded 30,00,000 shares, or a 4.4 percent stake, in Lumax Auto Technologies at an average price of Rs 450.52. Total value of the deal is Rs 135.15 crore.

Albula held 8.48 percent stake in the company til December 2023. Nippon India Mutual Fund bought 25,00,000 shares or 3.66 percent stake at Rs 450.5 per share, which is valued at Rs 112.62 crore.

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In CMS Info Systems, Elimath Advisors bought 8,50,000 shares or 0.54 percent stake at an average price of Rs 378.82.

BGR Energy Systems' promoter Sasikala Raghupathy continued offloading her stake in the company, as she sold 30,65,946 shares or 4.24 percent stake at Rs 50.9 apiece. Raghupathy already sold 11.99 percent stake in this week in different sessions.