Morgan Stanley Asia (Singapore) PTE bought shares worth Rs 243.6 crore in Paytm's parent One 97 Communications through open market transactions on NSE. Morgan Stanley Asia bought 50 lakh shares, or 0.79 percent stake at Rs 487.2 per share in the fintech major.
The shares, apparently, have been bought on behalf of some other entities who do not hold a FPI license in India as the entry in bulk deal data was marked as ODI.
An ODI (Offshore Derivatives Instrument) is issued by an FPI to their clients against the security they buy in India. Sebi can ask for the details of ODI holder from Morgan Stanley if it desires.
The buying comes after a sharp drop in prices. Shares of Paytm fell 20 percent on February 2 and were locked in the lower circuit at Rs 487.2. This follows another 20 percent drop in prices a day prior, taking total loss to 40 percent in two sessions.
In another transaction, VC fund PI Opportunities Fund II sold 46.43 lakh shares or 1.02 percent stake in PB Fintech at an average price of Rs 985.07 on the BSE. The value of the transaction is Rs 457.42 crore. PI Opportunities held 1.93 percent stake in the company till December 2023.
In Pricol, PHI Capital Solutions offloaded 20 lakh shares, or a 1.64 percent stake, at an average price of Rs 408.08. PHI, which held 2.08 percent in the company til December 2023, sold Rs 81.61 crore worth shares. Societe Generale picked up 8.24 lakh shares at Rs 408.05 per share in Pricol.
Shares of Pricol surged 7.64 percent to Rs 418.2.
FPI Radiant Global Fund sold 70 lakh shares in HMA Agro Industries, which is 1.4 percent stake, at an average price of Rs 72.5. The value of the stake sold was Rs 50.75 crore. According to the shareholding pattern, Radiant held 1.67 percent stake in the company til December 2023.
HMA Agro Industries stock gained 1.08 percent to Rs 74.7.
Tourism Finance Corporation was another company to see buying interest. Quant Mutual Fund bought six lakh shares at Rs 208.57 per share, valued at Rs 12.51 crore. Aatman Innovations picked up five lakh shares at an average price of Rs 204.3, buying shares worth Rs 10.21 crore.
Tourism Finance Corporation stock surged 6.38 percent to Rs 209.3.
In Cords Cable Industries, Veteran investor Ashish Chugh bought 66,000 shares at an average price of Rs 141.29, valued at Rs 93.25 lakh. Chugh picked up 0.51 percent equity stake in the company.
Shares of Cords Cable Industries zoomed 9.19 percent to Rs 147.9.
In Delaplex Ltd, which got listed on NSE in the trading session, Heena Gandhi and Harshit Biren Gandhi bought 96,000 shares at an average price of Rs 309. Saurabh Tripathi picked up 60,600 shares at Rs 306.64 per share.
Delaplex had a strong listing, with the stock opening at Rs 309 against an issue price of Rs 192 on the NSE SME platform, a 61 percent premium. The stock closed at Rs 324.45, up by 68.98 percent.
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