Bulk deals: From McDowell Holdings to Stove Kraft

HSBC Global Investment Funds - Asia Ex-Japan Equity Smaller Companies acquired 5.37 lakh equity shares in Stove Kraft at Rs929.85 per share, as per the bulk deal data.

Sep 08, 2021 10:09 IST India Infoline News Service

According to the bulk deal data released on Tuesday, Recovery Officer I DRT (Debt Recovery Tribunal) II continued to offload shares in McDowell Holdings, selling additional 1.1 lakh equity shares in the company at Rs45.45 per share.

On the other hand, Trilochan Kumar Gupta acquired 84,200 equity shares in the company at Rs45.45 per share on the NSE, the bulk deals data showed.

In another transaction of bulk data on the NSE, HSBC Global Investment Funds - Asia Ex-Japan Equity Smaller Companies acquired 5.37 lakh equity shares in Stove Kraft at Rs929.85 per share. However, Sequoia Capital India Growth Investment Holdings I sold 8.05 lakh equity shares in the company at Rs932.92.

Whereas, Nomura India Investment Fund Mother Fund - The MTBJ AC Nomura India Investment FD bought 28.2 lakh equity shares in Olectra Greentech at Rs321 per share. While, Goldstone Power sold 28.2 lakh equity shares in the company at Rs321 per share on the NSE.

Meanwhile, Promoter entity IGE (India) acquired over 3.23 lakh equity shares in International Conveyors via open market transaction, increasing shareholding to 63.34% from 62.86% earlier.

Stock view:

McDowell Holdings Ltd is currently trading at Rs49.90 up by Rs4.5 or 9.91% from its previous closing of Rs45.40 on the BSE.

International Conveyors Ltd is currently trading at Rs77.05 up by Rs2.2 or 2.94% from its previous closing of Rs74.85 on the BSE.

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