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Bulk Deals | Nalanda India Equity Fund buys 1.1% stake in Advanced Enzyme

Advanced Enzyme registered impressive gains on February 25 as the stock jumped 18 percent to close at Rs 309 on the BSE.

February 25, 2022 / 11:05 PM IST
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Former Warburg Pincus executive Pulak Chandan Prasad-owned Nalanda India Equity Fund picked 1.1 percent equity stake in Advanced Enzyme Technologies via open market transactions on Friday, February 25.

Nalanda Capital-owned fund acquired 5.65 lakh equity shares in the enzymes manufacturer on the NSE at an average price of Rs 289.86 per share, and another 7.08 lakh shares on the BSE at Rs 289.61 per share.

With this, its shareholding stands at 5.84 percent now. The fund already had 4.74 percent stake in the company as of December 2021.

Advanced Enzyme has registered healthy gains on Friday, rising 18 percent to close at Rs 309 on the BSE.