Nomura has acquired additional 1 percent stake in pharmaceutical firm Rubicon Research via open market transactions on its listing day, i.e. October 16, while L&T and L&T Technology Services picked 8.85 percent units in IRB InvIT Fund on the same day.
Rubicon Research stock had a stellar rally on its market debut, soaring 29.5 percent to close the session at Rs 628.20 against the issue price of Rs 485, backed by the positive market mood and healthy IPO subscription numbers of nearly 104 times.
Nomura Funds Ireland Plc through Nomura Funds Ireland India Equity Fund has bought 16.5 lakh shares in Rubicon at Rs 616.31 per share, valued at Rs 101.69 crore.
Japanese global investment bank and financial services group Nomura Holdings-backed Nomura Funds Ireland Public Limited Company - Nomura Funds Ireland - India Equity Fund already acquired 10.3 lakh shares at Rs 485 per share for Rs 50 crore via anchor book on October 8.
Meanwhile, Canara Robeco AMC, which listed today, was also in focus, rising nearly 13 percent to Rs 300.45 against offer price of Rs 266. Neil Bahal-founded Negen Capital Services acquired 10.9 lakh shares at Rs 281.79 per share, for Rs 30.7 crore.
The brisk action was also seen in Cartrade Tech, which closed the session 0.06 percent higher at Rs 2,489.2. Plutus Wealth Management LLP bought 3.75 lakh shares (0.78 percent stake) at Rs 2,454.98 per share, for Rs 92.06 crore, however, Oxbow Master Fund reduced its stake in the multi-channel auto platform, selling 2.84 lakh shares at Rs 2,445.08 per share for Rs 69.48 crore.
As of June 2025, Oxbow Capital Management (HK)-backed Oxbow Master Fund had owned 2.82 percent stake (13.36 lakh shares) in Cartrade.
Business services company CMS Info Systems shares rebounded sharply after consolidation and hitting almost two-year low during the current week, rising 4.53 percent to Rs 372.45 amid high volumes. PPFAS Mutual Fund acquired 20 lakh shares (equivalent to 1.21 percent stake) at Rs 358 per share for Rs 71.6 crore.
However, Ward Ferry Management-managed WF Asian Reconnaissance Fund trimmed its shareholding in CMS Info, selling 26.9 lakh shares (1.63 percent stake) at Rs 358.01 per share for Rs 96.3 crore, against its 3.14 percent stake (51.62 lakh shares) held as of September 2025.
The action was also seen in IRB Infrastructure Developers-sponsored IRB InvIT Fund, the private highway infrastructure developer. L&T Technology Services picked 72.37 units at Rs 60.4 per unit for Rs 43.71 crore, and Larsen & Toubro acquired 4.41 units at Rs 60.24 per unit for Rs 266.19 crore. Both together bought 8.85 percent stake.
However, Alpha Alternatives MSAR LLP, Kotak Mahindra Bank, Trust Investment Advisors, and Athena Enhanced Equity Fund sold 8.23 crore units (14.19 percent stake) in the InvIT for Rs 505.11 crore.
IRB InvIT Fund declined 3.84 percent to Rs 60.30 on the NSE, while on the BSE, it closed the session at Rs 62.34, down 0.57 percent.
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