Bulk deals: Pinnacle Investments sell stake in D B Realty

Bulk deals

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Bulk deals : Pinnacle Investments sold 30 lakh shares, or a 0.56 percent stake, at an average price of Rs 205.37 in DB Realty

Bulk deals : In DB Realty, Pinnacle Investments sold 30 lakh shares, or a 0.56 percent stake, at an average price of Rs 205.37. Pinnacle Investments previously sold 21.43 lakh shares in the company in January.

Shares of D B Realty fell 3.06 percent to Rs 198 on the NSE. Bulk deals Bulk deals

In Ind-Swift Laboratories, Wilson Holdings bought 49.45 lakh shares, transalting to an 8.37 percent stake at Rs 100.25 per share. Edelweiss India Special Situations Fund II sold 32.09 lakh shares, which is a 5.43 percent stake in the company, at an average price of Rs 100.25. The fund held 10.02 percent stake in the company til December 2023. EC Special Situations Fund offloaded 21 lakh shares, or a 3.55 percent stake at Rs 100.32 per share. Special Situations fund had 6.56 percent stake in the company. EISAF II Onshore Fund sold 6.9 lakh shares, 1.17 percent stake at an average price of Rs 100.27. Bulk deals

Ind-Swift Laboratories stock declined 3.77 percent to Rs 99.5 on NSE.

In Savita Oil Technologies, SBI Mutual Fund bought 20.73 lakh shares, equivalent to 3 percent stake, at Rs 408 per share. Promoter Entity Mehra Syndicate sold the same amount of shares at the price. Mehra Syndicate had 62.8 percent stake in the company. Bulk deals

Shares of Savita Oil Technologies gained 1.47 percent to Rs 414 on NSE.

In Sundaram Finance Holdings, promoter entity Sundaram Finance sold 79.51 lakh shares, 3.58 percent stake at Rs 190.26 per share. Sundaram Finance held 23.49 percent stake in the company.

Sundaram Finance Holdings stock rallied 10.51 percent to Rs 198.8 on the NSE.

In Capacit’e Infraprojects, promoter Subir Malhotra sold almost his entire 25.25 lakh shares, a 2.99 percent stake in the company at Rs 275.01 per share. Paragon Partners Growth Fund also sold 7.5 lakh shares, which is a 0.89 percent stake, at an average price of Rs 275. Paragon held 4.95 percent stake in the company. Valiant Mauritius Partners Offshore bought 27.65 lakh shares, equivalent to 3.27 percent stake in the company at Rs 274.92 per share. Valiant Mauritius Partners acquired 10.03 lakh shares, a 1.19 percent stake at an average price of Rs 274.92.

Shares of Capacit’e Infraprojects zoomed 5.9 percent to Rs 274.75 on the NSE.

Bulk deals : Pinnacle Investments has sold stake in D B Realty on multiple occasions. Here’s a quick rundown:

  • February 2022: Pinnacle Investments acquired a significant stake (around 17.94%) in D B Realty through convertible warrants that later converted to equity shares [Business Standard].
  • January 2023: Pinnacle Investments sold a portion of their holdings, representing 0.43% of D B Realty shares [Moneycontrol].
  • September 2023 (latest publicly available information): There are reports that Pinnacle Investments acquired additional shares in D B Realty [Trendlyne.com]. It’s important to note that this information might not be entirely up-to-date.

It’s unclear why Pinnacle Investments is selling their stake in D B Realty. They might be rebalancing their portfolio or making investment decisions based on market conditions.

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