Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over ₹96 crore through an open market transaction.
According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at an average price of ₹1,759.97 apiece, taking the transaction value to ₹96.74 crore.
Meanwhile, Hornbill Orchid India Fund sold 4,29,086 shares of Mastek. Shares of Mastek closed 1.52 per cent lower at ₹1,731.15 on the BSE.
In a separate transaction, Elevation Capital V FII offloaded shares of KDDL Ltd for over ₹30 crore through the open market transaction. Elevation Capital V FII Holdings Ltd sold 3,60,000 shares, amounting to a 2.82 per cent stake in the company, as per data available with the National Stock Exchange (NSE). The shares were disposed of at an average price of ₹850 per scrip, taking the transaction value to ₹30.60 crore.
Capital One Partners and Axis Securities Ltd picked up 2,00,000 and 1,10,000 shares of the company, respectively.
As of June 2022, Elevation Capital V FII Holdings held a 7.92 per cent stake in the company, shareholding data showed with the bourse. KDDL shares closed 5.06 per cent up at ₹920 on NSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.