NEW DELHI: SBI Mutual Fund along with two other entities Monday purchased shares worth over ₹1,322 crore in FMCG major Emami Ltd through open market transactions.
According to the bulk deal data available with the BSE, SBI Mutual Fund, PI Opportunities Fund I-LT and Pioneer Investment Fund bought a total of over 3.72 crore shares in FMCG firm.
Individually, SBI Mutual Fund bought shares for ₹722.78 crore, PI Opportunities and Pioneer Investment purchased scrips for ₹199.97 crore and ₹399.98 crore, respectively, with the average price being ₹355 per scrip.
However, in separate transactions, seven entities including a promoter of Emami Ltd, Amitabh Goenka, sold a total of over 2.3 crore shares for over ₹844 crore in Monday bulk deal.
Among the sellers, promoter Goenka sold 40 lakh shares worth ₹142 crore amounting to 0.88% stake in the firm.
According to the latest shareholding data available with the BSE, promoter Goenka held 1.67% stake in the company.
Shares of Emami Ltd Monday ended at ₹355.05 apiece, a fall of 1.61% on the BSE over the previous close.
This story has been published from a wire agency feed without modifications to the text.