Bulk deals: From Royal Orchid Hotels to GMR Infra

In another transaction on the NSE, Promoter GMR Enterprises sold 5.75 crore equity shares in GMR Infrastructure, to its subsidiary Hyderabad Jabilli Properties at Rs36.3 per share through an open market transaction on Monday.

Sep 28, 2021 10:09 IST India Infoline News Service

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According to the bulk deal report, promoter Keshav Baljee sold 2.71 lakh equity shares in Royal Orchid Hotels (0.99% stake) at Rs103.25 per share on the NSE.

In another transaction on the NSE, Promoter GMR Enterprises sold 5.75 crore equity shares in GMR Infrastructure, to its subsidiary Hyderabad Jabilli Properties at Rs36.3 per share through an open market transaction on Monday.

Also, in another bulk deal data, Sunil Singhania-owned Abakkus Emerging Opportunities Fund-1 acquired a 1.23% equity stake in PSP Projects via an open market transaction on September 27.

Abakkus bought 4.45 lakh shares in PSP Projects (1.23% of total paid-up equity) on the NSE and the stake was purchased by fund house at a price of Rs425.68 per share, the bulk deals data showed. However, promoter Patel Shilpaben P sold 15.5 lakh shares or 4.3% shareholding in the company at Rs423.07 per share. Portfolio management company Bellwether Capital sold 3.34 lakh equity shares in the company at Rs490.53 per share.

Meanwhile, IndusInd Bank sold 43.69 lakh equity shares in McLeod Russel India at Rs30.99 per share. However, Jaikarni Holdings acquired 20 lakh shares in the company at Rs30.96 per share and Supremus Projects LLP bought 7.5 lakh shares at Rs31 per share on the NSE.

Stock view:

Royal Orchid Hotels Ltd is currently trading at Rs103.80 down by Rs2.25 or 2.12% from its previous closing of Rs106.05 on the BSE.

Mcleod Russel India Ltd is currently trading at Rs30.50 down by Rs0.2 or 0.65% from its previous closing of Rs30.70 on the BSE.

PSP Projects Ltd is currently trading at Rs484.50 down by Rs15.75 or 3.15% from its previous closing of Rs500.25 on the BSE.


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