HDFC Mutual Fund picks up shares worth Rs 185 crore in Amber Enterprises

Bulk Deals on March 5

• HDFC Mutual Fund picks up shares worth Rs 185 crore in Amber Enterprises
• Xduce Technologies buys additional 1.77% stake in Dev Information Technology
• Investi Global Opportunity Fund buys 0.95% stake in Invicta Diagnostic

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HDFC Mutual Fund has bought nearly 0.7 percent equity stake in Amber Enterprises India, a manufacturer of air conditioners, electronics, and mobility solutions, for Rs 185 crore via open market transactions on March 5.

Amber Enterprises India shares climbed 2.38 percent to Rs 7,834 amid high volumes on the BSE but still in the broad range of March 2. The stock sustained above all key moving averages.

As per the bulk deals data published by exchanges on Thursday, HDFC Mutual Fund has acquired 2.41 lakh shares (equivalent to 0.68 percent of paid-up equity) in Amber Enterprises for Rs 184.95 crore.

The buying price for above shares was Rs 7,650 per share.

Meanwhile, Xduce Technologies, the US-based app development and digital transformation company, has bought additional 10 lakh shares (1.77 percent) stake in Dev Information Technology for Rs 2.66 crore from Pravinaben Pradyumnabhai Shah, the relative of promoter Prerak Pradyumna Shah. The transaction price was Rs 26.68 per share.

Dev Information Technology shares declined 4.5 percent to Rs 26.18 after couple of days of rally.

On March 2, Xduce acquired 9.09 percent stake in Dev Information Technology, in addition to 12.48 percent stake buy in January.

Diagnostic chain Invicta Diagnostic shares were locked in 20 percent upper circuit at Rs 70.85 on the NSE after a consolidation since February. Investi Global Opportunity Fund PCC - Cell 1 has bought 1.2 lakh shares (0.95 percent stake) in the company at Rs 70.44 per share, valued at Rs 84.5 lakh.

As per the block deals data, Goldman Sachs Bank Europe SE - ODI has picked up 9.71 lakh shares (0.26 percent stake) in Afcons Infrastructure from Morgan Stanley Asia Singapore Pte at Rs 276.5 per share, amounting to Rs 26.8 crore.