Holani Venture Capital, Meru Investment Fund acquire additional over 3% stake in Shyam Dhani Industries

Bulk Deals on January 2

• Holani Venture Capital was holding 2.1 percent stake, and Meru Investment Fund 1.3 percent shares in Shyam Dhani as of December 29.

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Holani Venture Capital, and Meru Investment Fund have acquired additional more than 3 percent equity stake in Shyam Dhani Industries, the Jaipur-based spices maker, via open market transactions on January 2.

Shyam Dhani shares rebounded 0.52 percent to Rs 126.75 on Friday, following 5 percent correction each in previous two sessions. The correction was especially after its stellar debut on December 30 when it closed with 99.5 percent rally at Rs 139.65.

As per the bulk deals data, Holani Group's Holani Venture Capital Fund- I has bought 2.5 lakh shares (1.21 percent of paid-up equity) at Rs 119.8 per share for Rs 2.99 crore, and Meru Investment Fund PCC- CELL 1 (which acts anchor investor in SME IPOs) picked up 4 lakh shares (1.9 percent stake) at same price for Rs 4.79 crore.

According to the shareholding pattern published on December 29, a day before the listing, Holani Venture Capital was holding 2.1 percent stake, and Meru Investment Fund 1.3 percent shares in Shyam Dhani.

Meanwhile, the buying interest from fund houses continued in KV Toys India, which involves in contract manufacturing and sale of plastic-moulded and metal-based toys, though the stock price finished 0.25 percent lower at Rs 335.55.

Generational Capital Breakout Fund 1, owned by Satwik Jain founded multi-family office Generational Capital, has bought 34,800 equity shares (0.55 percent stake) at Rs 336.85 per share for Rs 1.17 crore.

In previous session, Royal Alpha Opportunity Fund and Vorton Opportunities Fund had picked up over 1.2 percent stake in KV Toys India.

Asset Reconstruction Company India has offloaded 14.48 lakh shares in Viceroy Hotels at Rs 130.16 per share for Rs 18.85 crore. Despite this, the stock rallied 3.86 percent to Rs 140.80.