Bulk deals: Promoters Arpwood offloads stake in SBFC Finance

SBI Mutual Fund picked up an additional 1.8 percent stake in SBFC Finance

In SBFC Finance, Promoter Arpwood Partners Investment Advisors LLP sold their entire 4.51 crore shares - a 4.2 percent stake in the company at an average price of Rs 88. Another entity,  Arpwood Capital Private Ltd also offloaded their entire stake of 1.10 crore shares, a 1.03 percent stake at Rs 88.03. The promoters sold Rs 494.42 crore worth of shares.

Meanwhile, SBI Mutual Fund bought 1.93 crore shares, a 1.8 percent stake at Rs 88 per share. SBI Smallcap Fund already holds a 7.22 percent stake in the company til March 2024. SBI Mutual fund bought Rs 169.99 crore worth of stakes.

Custody Bank of Japan Ltd RE RB Amundi Small Cap Equity Mother Fund picked up 1.13 crore shares, a 1.06 percent stake at an average price of Rs 88. Morgan Stanley Asia Singapore PTE acquired 68.74 lakh shares, a 0.64 percent stake at Rs 88 per share.

Shares of SBFC Finance plunged 5.07 percent to Rs 87 on NSE.

In Cartrade Tech, CMDB II, a JP Morgan Private Equity Fund, sold 3.75 lakh shares, a 0.79 percent stake at an average price of Rs 700.15. CMDB II held a 6.37 percent stake in the company til March 2024.

Cartrade Tech stock fell 2.98 percent to Rs 707 on the NSE.

In Nirlon, ICICI Prudential Mutual Fund picked 33.78 lakh shares, a 3.75 percent stake at Rs 430 per share. Albula Investment Fund sold 30 lakh shares, a 3.33 percent stake at the same price. Albula held a 6.14 percent stake till March 2024.

Shares of Nirlon rose 2.1 percent to Rs 441.50 on BSE.

In the newly-listed JNK India, Kotak Mahindra Mutual Fund bought 3.12 lakh shares, a 3.25 percent stake at an average price of Rs 647.81. Kotak Mahindra Multicap Fund acquired 9 lakh shares, a 9.38 percent stake at Rs 649.02 per share. Additionally, DSP Mutual Fund bought 5 lakh shares, a 5.21 percent stake at an average price of Rs 621.

JNK India had a strong start in the bourses as the stock surged 67.36 percent to Rs 694.55 on the NSE.