Promoters exchange 1% shares in Edelweiss Financial; Radiant Global Fund buys 1% stake in Ashish Kacholia-backed Dudigital Global

Bulk deals on February 23

• Promoters exchange 1% shares in Edelweiss Financial Services
• Radiant Global Fund buys 1% stake in Ashish Kacholia-backed Dudigital Global
• Jasub Property Holdings acquires 2.01% stake in Cohance Lifesciences for Rs 235.62 crore from Jasti Family Trust

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Promoters have exchanged 1.05 percent shares in Edelweiss Financial Services, while Radiant Global Fund has acquired nearly 1 percent stake in Dudigital Global from Legends Global Opportunities via open market transactions on February 23.

Edelweiss Financial Services shares finished the session higher at Rs 123.18 on the NSE, up 1.72 percent, while Dudigital Global stock maintained its upward journey for ninth consecutive session, rising 5.01 percent to Rs 42.95.

As per the bulk and block deals data available on the exchanges, Rashesh Chandrakant Shah has acquired 1 crore equity shares (equivalent to 1.05 percent of paid-up equity) in Edelweiss Financial Services for Rs 118 crore from Venkatchalam Arakoni Ramaswamy.

Both promoters and founders exchanged the above-mentioned shares at a price of Rs 118 per share.

Meanwhile, Radiant Global Fund-Class B Participating Shares have bought 7 lakh shares (0.97 percent stake) in ace investor Ashish Kacholia-backed Dudigital Global, the visa processing services provider, from Legends Global Opportunities (Singapore) for Rs 2.94 crore. They exchanged shares at Rs 42 per share.

Legends Global Opportunities (Singapore) was holding 4.43 percent stake in Dudigital Global as of September 2025.

Cohance Lifesciences also saw exchange of shares between the entities related to Jasti family, the old promoters of Suven Pharma which was merged with Cohance Lifesciences after acquisition by Advent International.

Jasub Property Holdings LLP has acquired 77 lakh shares (2.01 percent stake) in the Advent International-backed company for Rs 235.62 crore from Jasti Family Trust at Rs 306 per share.

Last week, on February 18, these entities had exchanged 1.82 percent stake in pharma company Cohance Lifesciences. As of December 2025, Jasti Property and Equity Holdings, the sole trustee of the Jasti Family Trust which owns Suven Life Sciences, held 6.41 percent stake in Cohance Lifesciences.

Cohance Lifesciences shares rose 2.85 percent to Rs 314.1 amid high volumes on the NSE.

The exchange of shares was also seen in Asian Paints, and Network 18 Media & Investments.

Upnishad Holdings has bought 3.25 lakh shares in Asian Paints from Smiti Holding and Trading Company at Rs 2,410 per share, valued at Rs 78.3 crore. Both are promoter entities of the paint company.

In Network 18 Media & Investments, Nexg Ventures India has acquired 71 lakh shares (0.46 percent stake) for Rs 25.2 crore from Arizona Globalservices. The transaction price was Rs 35.5 per share.

Nexg Ventures India was holding 3.02 percent stake in Network 18 Media, while Arizona Globalservices held 2 percent shares, as of December 2025.