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.

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