Moneycontrol's Sakshi Batra does a 3-Point Analysis to understand the key fineprint and the outlook on the company.
Kacholia bought 2.18 lakh shares, representing 0.97 percent of the paid-up equity, at Rs 550 per share.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 16 points gain. Nifty futures were trading around 11,934-level on the Singaporean Exchange.
Ashish Kacholia bought 218,000 share of plastic moulded luggage manufacturer Safari Industries at Rs 550 per share on the BSE as per the data available on the exchange.
Investors should not expect a further multiple re-rating as the same has already played out. However, one should look to accumulate this company for the secular earnings growth in the medium to long term
The former promoter entities -- Amul Sumatichandra Mehta, Yugesh Sumatichandra Mehta, Akul Yugesh Mehta, Jayendra Yugesh Mehta, Mrudula Amul Mehta, Maitri Amul Mehta, Rachna Amul Mehta, Sunali Yugesh Mehta, Senator Investment, Touristor Investments, Yug Investment and Amul Sumatichandra Mehta-HUF -- have to pay the fine "jointly and severally".