ICICI Prudential MF Acquires ₹193 Crore Stake in Star Health

20 Mar 2024 , 01:35 PM

On Tuesday, ICICI Prudential Mutual Fund made a notable acquisition of shares in Star Health and Allied Insurance Company, amounting to ₹193 Crore through an open market transaction. According to data from the National Stock Exchange (NSE), ICICI Prudential Mutual Fund purchased 35,74,074 shares, representing a 0.61% stake in Star Health and Allied Insurance Company, at an average price of ₹540 per share. The transaction’s total value stood at ₹192.99 Crore, with details of the seller(s) remaining undisclosed.

Meanwhile, on the same day, shares of Star Health and Allied Insurance Company experienced a decline of 1.42%, closing at ₹545.05 apiece on the NSE.

In a separate bulk deal on the Bombay Stock Exchange (BSE), Abakkus Asset Manager LLP acquired shares of rice milling company LT Foods for ₹55 Crore through an open market transaction. According to BSE data, Abakkus Asset Manager purchased 33.93 lakh shares at an average price of ₹162.04 per share, totaling the deal value to ₹54.98 Crore. Details regarding the sellers of LT Foods shares were not disclosed.

Subsequently, shares of LT Foods witnessed a decline of 4.76%, settling at ₹162.15 apiece on the BSE.

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