Foreign investor Apis Growth 6 has divested 1,00,00,000 shares of Star Health and Allied Insurance, representing a 1.7 percent stake, at Rs 553.01 per share. This move comes as Apis reduces its stake from 4.32 percent as of December 2023.
Meanwhile, ICICI Prudential Life Insurance has increased its holdings in Star Health and Allied Insurance by acquiring 30,00,000 shares at an average price of Rs 553. This transaction boosts ICICI’s stake in the company by 0.51 percent, with their previous stake standing at 1.86 percent.
Star Health and Allied Insurance witnessed a decline of 1.67 percent, with its stock falling to Rs 552.15 during the trading session.
In Suven Pharmaceuticals, the Abu Dhabi Investment Authority acquired a 0.61 percent stake by purchasing 15,74,000 shares at an average price of Rs 698.15. On the other hand, Amansa Holding Private offloaded 31,26,653 shares at Rs 689.19 per share, reducing its stake in the company by 1.22 percent from its previous holding of 2.38 percent until December 2023. Despite this, shares of Suven Pharmaceuticals surged by 12.49 percent, reaching Rs 708.
Investor Shankar Sharma displayed interest in MOS Utility Ltd by acquiring 1,48,800 shares, representing a 0.59 percent stake, at Rs 151.3 per share. This investment amounted to Rs 2.25 crore in the SME fintech company, which offers a Unified Open API and Wallet platform.
MOS Utility Ltd witnessed a significant surge of 10 percent in its stock price, hitting the upper circuit at Rs 151.3.
Meanwhile, in Delhivery, Chimetech Holdings divested 76,64,750 shares, representing a 1.04 percent stake, at an average price of Rs 470.01. As of December 2023, Chimetech held a 1.31 percent equity stake in the company.
However, shares of Delhivery experienced a decline of 1.78 percent, closing at Rs 464.7.