Nippon India picks up additional 2.7% shares in Esab India, SBI Mutual Fund pares 2.7% stake

Bulk deals on February 19

• Nippon India picks up additional 2.7% shares in Esab India
• SBI Mutual Fund pares 2.7% stake in Esab India

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Nippon India Mutual Fund, managed by Nippon Life India Asset Management, has picked up additional 2.7 percent shares in Esab India, the welding and cutting equipment supplier, via open market transactions on February 19.

Esab India shares closed flat for second consecutive session, consolidating around 200-day EMA for four days in a row while sustaining below other key moving averages.

Nippon India Mutual Fund has acquired 4.11 lakh shares (equivalent to 2.67 percent of paid-up equity) in Esab for Rs 226.1 crore. Nippon Life India Trustee through Nippon India Small Cap Fund already held 2.67 percent shares in the company as of December 2025.

However, SBI Mutual Fund has offloaded 4.11 lakh shares in Esab for Rs 226.07 crore. The transaction price for the deal by Nippon India and SBI MF was Rs 5,500 per share.

As of December 2025, SBI Retirement Benefit Fund- Conservative Plan, owned by SBI Funds Management, had owned 9.26 percent shareholding in Esab.

Meanwhile, Religare Enterprises remained under pressure for seventh consecutive session, falling 2.5 percent to Rs 220.94 on Thursday. D S Trust, which held 1.02 percent stake as of December 2025, sold 16.8 lakh shares (0.5 percent stake) in the company at Rs 218.48 per share, valued at Rs 36.7 crore.

Ratnaveer Precision Engineering also saw some action as the stock had a gap-up opening and rallied 8.5 percent initially but could not sustain all gains and ended 2.54 percent higher at Rs 159.07 on the NSE.

Craft Emerging Market Fund PCC through Elite Capital Fund, and Citadel Capital Fund sold 10 lakh shares (1.47 percent stake) in Ratnaveer Precision at Rs 158 per share, valued at Rs 15.8 crore. However, Arihant Capital Markets has acquired additional 8.52 lakh shares (1.25 percent stake) in the company at Rs 160.99 per share, amounting to Rs 13.73 crore.

Arihant Capital Markets already held 1.09 percent shareholding in Ratnaveer Precision as of December 2025.

On the day of market debut, Marushika Technology fell 2.56 percent to Rs 114 on the NSE Emerge despite buying by Navbharat Investment Opportunities Fund, NAV Capital Emerging Star Fund, Mansi Share and Stock Broking, and Priyank Vaghashia. All of them acquired 4.04 lakh shares in the company at Rs 120 per share, valued at Rs 4.85 crore.