Bulk deals: LIC MF, Aditya Birla Sun Life buys stakes in Manorama Industries

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LIC Mutual Fund bought a 1.2 percent stake in Manorama Industries for an average price of Rs 1,100 per share via a bulk deal on December 24. It bought around 7.2 lakh shares in the company.

Aditya Birla Sun Life Mutual Fund bought 8.1 lakh shares in Manorama Industries for an average price of Rs 1,100 per share.

Promoter Ayush Kacholia sold 4.1 lakh shares in Shanti Overseas for an average price of Rs 16.3 per share, while Karuna Kacholia sold 5.6 lakh shares for an average price of Rs 15.63 per share.

Shanti Overseas shares closed 6.17 percent higher at Rs 15.9 on the National Stock Exchange. The company manufactures and trades agricultural commodities like soyabean.

India Emerging Giants Fund Limited bought 2 lakh shares in R M Drip and Sprinklers Systems for an average price of Rs 375.38 per share.

R M Drip and Sprinklers Systems designs and manufactures micro irrigation equipments. The company also assists farmers in designing and installation of its sprinklers and drip irrigation systems.

Block deals

Various transactions also took place via block deals.

LIC Mutual Fund purchased 7.27 lakh shares in Manorama Industries, while Aditya Birla Sun Life Mutual Fund also bought 8.18 lakh shares and Bank of India Mutual Fund purchased 2.72 lakh shares. Promoters Ritu Saraf, Shrey Ashish Saraf, Vinita Ashish Saraf and Agastya Saraf were the sellers.

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