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The Government of Singapore and Motilal Oswal Asset Management Co. bought PG Electroplast Ltd. shares in large deals on Tuesday after the promoter Gupta family reduced their equity holding.
The Singapore government picked up 38.18 lakh shares or 1.35% stake for an aggregate amount of Rs 288 crore, according to bulk deal data available on the BSE. The shares were purchased at Rs 754.8 apiece.
Motilal Oswal AMC purchased 15.9 lakh shares, amounting to a 0.56% stake in the company, for Rs 120 crore. The shares were acquired for Rs 754.8 apiece.
A flexi-cap mutual fund run by the firm held 2.65% equity, as per the latest shareholding data available on the BSE.
Meanwhile, promoters sold a 5.3% stake in PG Electroplast for Rs 1,133 crore. They include Vikas Gupta, Anurag Gupta and Vishal Gupta who offloaded 50 lakh shares each in the price range of Rs 754.83 to Rs 755.73.
The promoter group had offered 1.59 crore shares representing a 5.6% stake, according to terms reviewed by NDTV Profit.
The Gupta family holds 49.37% equity in the consumer electronics manufacturer.
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