HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners

Bulk Deals on March 4

• HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners
• Asio Fund VCC-Sub Fund 4, Vikasa India EIF I Fund - Share Class P sell 1.49% stake in Reva Diamonds
• Indian Infotech and Software sells 40 lakh shares in Akme Fintrade

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HDFC Mutual Fund on March 4 has offloaded over 2 percent equity stake in Sundram Fasteners that makes precision components for the automotive, infrastructure, windmill and aviation sectors, for nearly Rs 358 crore via open market transactions.

Sundram Fasteners shares declined 1.3 percent to finish the session at Rs 835.9 amid high volumes on the NSE. The stock has been under pressure for sixth straight day.

HDFC Mutual Fund sold 20.5 lakh shares in Sundram Fasteners at Rs 831.97 per share, and 22.48 lakh shares at Rs 832.36 per share, which is equivalent to 2.04 percent of paid-up equity valued at Rs 357.66 crore.

As of December 2025, HDFC Mutual Fund through HDFC NIFTY500 Multicap 50:25:25 Index Fund held 7.62 percent equity stake in the TVS Group company.

The brisk action was also seen in PNGS Reva Diamond Jewellery, which outperformed the falling market, rising 6.66 percent to Rs 411.7 on the NSE despite institutional investors offloading 1.49 percent stake on its listing day today.

The Asio Fund VCC-Sub Fund 4, and Vikasa India EIF I Fund - Share Class P each sold 2.36 lakh shares in Reva Diamonds (0.74 percent stake each) for Rs 8.87 crore. The selling price for these shares was Rs 375 per share.

Meanwhile, Subhash Phootarmal Rathod has acquired 46 lakh shares in Akme Fintrade (India) at Rs 7.24 per share for Rs 3.33 crore, however, Indian Infotech and Software sold 40 lakh shares at Rs 7.25 per share, valued at Rs 2.9 crore. Both are already investors in the company, holding 3.6 percent, and 1.12 percent stake, respectively.