Royal Alpha, Vorton Capital pick up 1.2% stake in KV Toys India

Bulk Deals on January 1

• KV Toys shares rallied more than 40 percent to Rs 336.4 since debut on December 15.

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Royal Alpha Growth, and Vorton Capital, the alternative investment funds, acquired 1.2 percent equity stake in KV Toys India, the contract manufacturer of plastic-moulded and metal-based toys, via open transactions on January 1.

KV Toys shares seem to have reacted to the deal, surging 6.81 percent to close at Rs 336.40 after hitting lowest level since listing on December 15.

Royal Alpha Opportunity Fund has bought 42,000 equity shares in KV Toys at Rs 332.57 per share, while Vorton Opportunities Fund picked up 33,600 shares at Rs 327.03 per share.

Both alternate investment funds are managed by Kalpesh Dhakad and Nikhil Dhakad-founded asset management companies Royal Alpha Growth and Vorton Capital.

Meanwhile, Astorne Capital VCC Arven has acquired 25 lakh shares in Agi Infra, the Punjab-based real estate company at Rs 260 per share, however, Giriraj Ratan Damani sold 9.25 lakh shares at same price. The stock price rose 0.13 percent to Rs 262.75.