7 Jul 2023 , 02:17 PM
Societe Generale, a Europe-based financial services group, purchased a 1.42 % stake in SAT Industries by acquiring 16.1 lakh shares at an average price of Rs 85.05 per share. As a result of the news, the stock price climbed 3.7 % to Rs 93.2 on the BSE. Over the past five days, SAT Industries’ shares have gained approximately 16 %.
Previously, renowned investors such as Ashish Kacholia, Vikas Khemani managed Carlenien Fund, and Jagdish Master had acquired Pre-Initial Public Offering (IPO) stakes in Aeroflex Industries.
SAT Industries recently sold a 3.55 % stake in its material subsidiary, Aeroflex Industries, to Carnelian Structural Fund, managed by Vikas Khemani and others, for Rs 35.58 crore. In May, Ashish Kacholia purchased a stake in Aeroflex Industries, with SAT Industries selling a 4.05 % stake to Kacholia and Bengal Finance & Investments for Rs 40.56 crore.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.