HomeNewsBusinessMarketsBulk Deals | Nomura picks 3.4% stake in Olectra Greentech, Sequoia Capital exits Stove Kraft

Bulk Deals | Nomura picks 3.4% stake in Olectra Greentech, Sequoia Capital exits Stove Kraft

HSBC Global Investment Funds - Asia Ex-Japan Equity Smaller Companies acquired 5,37,112 equity shares in cooking appliances manufacturer Stove Kraft (1.64 percent stake) at Rs 929.85 per share.

September 07, 2021 / 21:31 IST
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Nomura India Investment Fund Mother Fund - The MTBJ AC Nomura India Investment Fund has bought 28.2 lakh equity shares in Olectra Greentech, a pioneer in electric bus manufacturing and insulators, at Rs 321 per share on the NSE, the bulk deals data showed on September 7.

However, promoter Goldstone Power was the seller in the deal, selling same number of shares at same price. The stock was locked in 5 percent upper circuit.

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Among other deals, HSBC Global Investment Funds - Asia Ex-Japan Equity Smaller Companies acquired 5,37,112 equity shares in cooking appliances manufacturer Stove Kraft (1.64 percent stake) at Rs 929.85 per share.

However, Sequoia Capital India Growth Investment Holdings I sold entire 8,05,915 equity shares in Stove Kraft (2.47 percent stake) at Rs 932.92 per share and exited the company. The stock was down more than 4 percent.