Investor Vijay Kedia-owned firm has picked nearly 1 percent stake in Eimco Elecon (India), the mining and construction equipment manufacturer, via open market transactions on October 7.
Eimco Elecon shares clocked 5 percent gains on Tuesday, closing at Rs 1,917.50 with above-average volumes. It is valued at Rs 1,100 crore.
Kedia Securities, owned by Vijay Kedia, has bought 57,441 equity shares in Eimco Elecon at Rs 1,906.71 per share, amounting to Rs 10.95 crore.
Meanwhile, Ashish Kacholia-backed Shaily Engineering Plastics was also in focus, witnessing a massive 11.43 percent rally to finish the session at Rs 2,407.7 with long bullish candle formation and hitting upper Bollinger bands.
Lighthouse India Fund III, backed by institutional investors, sold 13,33,155 equity shares (equivalent to 2.9 percent stake) in Shaily that makes plastic products for healthcare, consumer, personal care and automotive and engineering, at Rs 2,134 per share for Rs 284.5 crore.
As of June 2025, Lighthouse India Fund held 4.27 percent stake in Shaily.
On other side, 10 investors bought the entire 2.9 percent stake sold in Shaily by Lighthouse India. Motilal Oswal Mutual Fund, which already owned 9.68 percent stake, bought additional 3.25 lakh shares worth Rs 69.35 crore in the company at same price.
This follows Stallion Asset which acquired 2.5 lakh shares worth Rs 53.35 crore. BofA Securities Europe SA, Abu Dhabi Investment Authority (Way), 360 ONE, Subhkam Ventures, Societe Generale, Samyak Enterprises, Aditya Birla Sun Life MF, Trust Mutual Fund picked the remaining 7.58 lakh shares worth Rs 161.78 crore in Shaily.
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