Leading asset management companies ICICI Prudential, Aditya Birla Sun Life and SBI Mutual Fund have picked up a 3.6 percent equity stake in two-and-three-wheeler maker TVS Motor Company on June 7.
Promoter entity Sundaram Clayton sold total 2.44 crore equity shares in TVS Motor Company, representing 5.13 percent of the total paid-up equity of the company, at Rs 617.25 per share, the bulk deals data available on the NSE showed on June 7.
ICICI Prudential Mutual Fund acquired 97,20,534 equity shares in TVS Motor, Aditya Birla Sun Life Mutual Fund bought 34,66,991 equity shares and SBI Mutual Fund purchased 40,50,222 equity shares at Rs 617.25 per share each.
After this deal, the holding of promoter Sundaram Clayton will reduce to 52.26 percent from 57.4 percent earlier.
Among other deals, Templeton Strategic Emerging Markets Fund IV LDC sold additional 1.96 lakh equity shares of Globus Spirits at Rs 361.47 per share. Templeton Fund had also sold 2 lakh shares of the company at Rs 354.39 per share on June 4.
ICICI Lombard General Insurance Company sold 63,523 equity shares of Pilani Investment and Industries Corporation at Rs 1,690 per share.
Singapore-based investment company Integrated Core Strategies Asia Pte Ltd offloaded 65,87,208 equity shares of Zee Entertainment Enterprises at Rs 219.2 per share on the BSE. Earlier on June 2 and June 4, Integrated Core already sold 1,17,73,996 equity shares of Zee. In total, Integrated Core offloaded 1.91 percent stake in the company so far in June.
Barclays Securities India acquired 2,20,174 equity shares of Coastal Corporation at Rs 249.15 per share on the BSE, whereas individual investor Satyasree Achanta sold 5 lakh shares of the company at Rs 250.14 per share.
IDBI Bank sold 3,49,976 equity shares of Zicom Electronic Security Systems at Rs 1.14 per share on the BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
