US hedge fund picks up additional 1.5% stake in Antony Waste Handling Cell; Plutus Wealth pares take in Ecos India, Rategain Travel

Bulk Deals on January 23

• US hedge fund picks up additional 1.5% stake in Antony Waste Handling Cell
• Plutus Wealth pares take in Ecos India Mobility, Rategain Travel Technologies
• Hill Fort India Fund buys 0.7% stake in Bajaj Consumer Care

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US hedge fund Miri Strategic Emerging Markets Fund has acquired additional 1.49 percent equity stake in Antony Waste Handling Cell, the municipal solid waste management company, via open market transactions on January 23.

Antony Waste Handling Cell shares soared 13.8 percent to close at four-month high of Rs 570.75 amid high volumes, decisively surpassing above all key moving averages in a single session.

US-based Miri Capital Management-owned Miri Strategic Emerging Markets Fund has bought 4.23 lakh shares (equivalent to 1.49 percent of paid-up equity) at Rs 563.94 per share for Rs 23.87 crore.

Last week, the said US hedge fund picked up 3 lakh shares (1.05 percent stake), in addition to 1.14 percent shares held as of December 2025.

The action continued in FMCG company Bajaj Consumer Care as its shares gained 3 percent to finish at Rs 305.8 in addition to 20 percent rally in previous session. Hill Fort India Fund, a Mauritius-based FPI founded by Puneet Saraogi, bought 9.69 lakh shares (0.7 percent stake) in the company at Rs 299.94 per share, valued at Rs 29.06 crore.

In previous session, BNP Paribas Financial Markets bought 0.73 percent shares in Bajaj Consumer Care.

However, Arpit Khandelwal-founded Plutus Wealth Management pared stake in Rategain Travel Technologies, and Ecos (India) Mobility & Hospitality.

Perhaps, both stocks may have reacted negatively to the above stake sale as Rategain slipped 4.86 percent to Rs 615 and Ecos fell 6.51 percent to Rs 175.25 on the NSE, both forming bearish candle on the daily charts.

Plutus Wealth Management offloaded 3.48 lakh shares (0.58 percent stake) in Ecos (India) Mobility & Hospitality, the car rental service provider, at Rs 180.13 per share, valued at Rs 6.27 crore.

Plutus sold 20.5 lakh shares (1.73 percent stake) in Rategain Travel Technologies, the SaaS provider in travel and hospitality, at Rs 614.9 per share for Rs 126.05 crore to Paisabuddy Finance. Plutus had held 6.39 percent stake in Rategain as of December 2025.