New Delhi: Motilal Oswal Mutual Fund on Monday acquired shares of forging and precision engineering firm Bharat Forge worth nearly Rs 378 crore through an open market transaction.
According to the bulk deal data available on the National Stock Exchange (NSE), Motilal Oswal Mutual Fund purchased approximately 32 lakh equity shares, representing a 0.65 percent stake in the Pune-based company. The shares were bought at an average price of Rs 1,217.32 apiece, bringing the total transaction value to Rs 377.73 crore.
Details regarding the sellers of Bharat Forge shares were not available on the NSE.
Shares of Bharat Forge rose 0.94 percent to close at Rs 1,192.20 apiece on the NSE.
In a separate bulk deal on the NSE, Singapore-headquartered Amansa Capital bought 12.82 lakh shares, or a 0.97 percent stake, in specialty chemicals maker Aether Industries for Rs 94 crore through an open market transaction.
This transaction was valued at around Rs 94.27 crore and executed at a price of Rs 735 per share.
Meanwhile, Goldman Sachs India Equity Portfolio, an affiliate of Goldman Sachs Asset Management, offloaded 11.51 lakh shares, or 0.87 percent stake, in Aether Industries at an average price of Rs 735.01 per share.
Details of the other sellers of Aether Industries’ shares could not be identified on the exchange.
On Monday, shares of Aether Industries rose 1.42 percent to settle at Rs 745.10 apiece on the NSE.
*Disclaimer: This story is from a syndicated feed. Only the headline has been updated.*
https://www.freepressjournal.in/business/motilal-oswal-mutual-fund-buys-shares-of-precision-engineering-firm-bharat-forge-worth-378-crore-through-open-market-transaction
