Despite profit taking at higher levels, Aditya Birla Lifestyle Brands shares recovered 7.5 percent to settle at Rs 146.72 after a robust gap-up beginning.
Flipkart exits ABLB stake
On October 6, Flipkart Investments sold its whole 6.02 percent stake in Aditya Birla Lifestyle Brands, a division of the Aditya Birla Group, via open market transactions.
Despite profit taking at higher levels, Aditya Birla Lifestyle Brands shares recovered 7.5 percent to settle at Rs 146.72 after a robust gap-up beginning.
At a price of Rs 136.45 per share, Flipkart Investments sold 7.3 crore shares (6.02 percent investment) in the firm that owns lifestyle brands including Simon Carter, Van Heusen, Allen Solly, Peter England, and Louis Philippe for Rs 998.4 crore.
Twelve investors acquire Flipkart stake
Twelve investors, including Morgan Stanley, Societe Generale, Amansa Holdings, Goldman Sachs, Aditya Birla Sun Life MF, UTI AMC, ICICI Prudential Life Insurance, ICICI Prudential MF, Nippon India MF, and SBI Life Insurance Company, purchased the whole 6.02 percent interest that Flipkart Investments had sold.
Eternal shares, however, continued to be the subject of attention, increasing 2.02% to Rs 335.10. At Rs 328.45 per share, BofA Securities Europe SA purchased 81 lakh shares (0.08 percent interest) in Zomato parent company from Goldman Sachs Bank Europe SE-ODI, for a total value of Rs 266.04 crore.
BofA, investors trade shares
At a price of Rs 672.1 per share, BofA Securities Europe SA also purchased 3,54,060 shares (0.4 percent interest) in Optiemus Infracom from Dymon Asia Multi-Strategy Investment (Singapore), for a total of Rs 23.79 crore. The stock fell 2.23 percent to settle at Rs 663.7.
Pace Digitek, which finished 0.46 percent down at Rs 217.99 on its market debut, too saw activity. Necta Bloom One sold 21.02 lakh shares of the telecom infrastructure solutions provider for Rs 224.99 a share, while Morgan Stanley Asia Singapore Pte purchased 12 lakh shares at Rs 220.95.
Under pressure, Embassy Office Parks REIT saw a 1.43 percent decline to Rs 420. At a price of Rs 421 per unit, I sold 90.43 units of the Kotak Performing Re Credit Strategy Fund-I.