Bulk Deals | Tata Sons arm buys 8% shares in Tejas Networks, Alena sells 3.3% stake in Ujjivan Financial Services
On July 30, Panatone Finvest had acquired 16.77 percent stake in Tejas Networks. With the latest deal, Panatone's total equity shareholding in the company increases to 24.78 percent.
August 03, 2021 / 07:30 AM IST
Tata Sons' subsidiary Panatone Finvest acquired additional 8 percent equity stake in Tejas Networks, a global optical networking products company, on August 2.
Panatone Finvest has bought 75 lakh equity shares in Tejas Networks at Rs 258 per share on the NSE, the bulk deals data showed.
Investor Samena Spectrum was the seller in this deal, offloading 75 lakh equity shares at Rs 258 per share. Samena Spectrum held 10.09 percent equity stake in the company as of June 2021.
On July 30, Panatone Finvest had already acquired 16.77 percent stake in Tejas Networks. Hence, with today's deal, Panatone's total equity shareholding increased to 24.78 percent in the company.
Among other deals, TT Emerging Markets Unconstrained Fund acquired 8,82,786 equity shares in Ujjivan Financial Services at Rs 240 per share. However, investor Alena Private Limited sold 40 lakh equity shares in the company (or 3.3 percent of total paid up equity) at Rs 240 per share on the NSE.
PTC India Financial Services sold 34,79,455 equity shares in Patel Engineering at Rs 16.36 per share, and Canara Bank offloaded 41,54,001 equity shares in the company at Rs 16.2 per share on the NSE.