SBI MF acquires additional 6% stake in Privi Speciality, promoters sell 4% shares in Vishnu Prakash R Punglia

Bulk deals on December 31

• Privi Speciality Chemicals shares hit the lowest closing level since October 17.

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SBI Mutual Fund has acquired additional nearly 6 percent equity stake in Privi Speciality Chemicals, the aroma and fragrance chemicals manufacturer, while promoters offloaded more than 9 percent shares via open market transactions on December 31.

Privi Speciality Chemicals shares plunged 12.1 percent to Rs 2,804.4 (the lowest closing level since October 17) after gap-down opening on the NSE.

As per the bulk deals data, SBI Mutual Fund has picked up 22.4 lakh shares (equivalent to 5.73 percent of paid-up equity capital) for Rs 634.8 crore at Rs 2,833.96 per share. The fund house through its Multi Asset Allocation Fund already held 3.64 percent stake in Privi.

Bhaumikbhai Kiritbhai Doshi also net bought 1.88 lakh shares in the chemical company at Rs 2,836.91 per share, amounting to Rs 53.39 crore. However, promoter entity Vivira Investment and Trading sold 36.28 lakh shares (9.28 percent stake) for Rs 1,029.8 crore at Rs 2,838 per share.

Ceigall India has also seen brisk action, rising 0.21 percent to Rs 268.8. HDFC Mutual Fund through HDFC Balanced Advantage Fund (HDFCGR) has bought 13.13 lakh shares (0.75 percent stake) in the infrastructure construction company for Rs 261 per share at Rs 34.28 crore, however, Pine Oak Global Fund sold 14 lakh shares (0.8 percent stake) for Rs 36.5 crore at Rs 261.04 per share.

Pungalia family offloaded 4.01 percent stake in Vishnu Prakash R Punglia, the infrastructure development company, for Rs 26.72 crore. As a result, the stock corrected 4.81 percent to Rs 52.65, the all-time closing low. In last one year, the stock lost 85 percent from its record high of Rs 345.75 in December 2024.

Pushpa Pungalia sold 15 lakh shares in Vishnu Prakash R Punglia at Rs 53.4 per share for Rs 8.01 crore, Pushpa Devi Pungalia 15 lakh shares at Rs 53.2 per share for Rs 7.98 crore, Anil Punglia 10 lakh shares at Rs 53.75 per share for Rs 5.37 crore, and Vijay Punglia 10 lakh shares at Rs 53.62 per share for Rs 5.36 crore.

However, Jaliyan Commodity acquired 13.46 lakh shares (1.08 percent stake) in Vishnu Prakash R Punglia at Rs 52.58 per share for Rs 7.07 crore.

Jupiter India Fund, and The Jupiter Global Fund-Jupiter India Select acquired 15 lakh shares (0.47 percent stake) in Swan Corp for Rs 70.2 crore at Rs 468 per share, however, Jainam Broking was the seller in this deal, offloading 15 lakh shares at same price. The stock was down 0.5 percent to Rs 468.85.