 "PI Industries surges post stake buy by Cartica Capital")
Shares of PI Industries has moved higher by 8% to Rs 660 on the BSE after the investment firm Cartica Capital acquired nearly 4% stake in agrochemicals company for about Rs 320 crore through open market route.
On June 15, Cartica Capital picked up 5.29 million shares, representing 3.88% stake in PI Industries at an average price of Rs 605 per share on the BSE, according to bulk deal data available with the stock exchange.
However, Citigroup Global Markets Mauritius Private Limited sold 1.6 million shares at Rs 605 and Ironwood Investment Holdings sold 3.7 million shares at Rs 605.01, data shows.
The stock opened at Rs 615 and touched a high of Rs 666 on the BSE so far. Till 1119 hours, a combined 186,612 shares changed hands on the counter on the BSE and NSE. The S&P BSE Sensex and CNX Nifty were down 0.3% each.
On June 15, Cartica Capital picked up 5.29 million shares, representing 3.88% stake in PI Industries at an average price of Rs 605 per share on the BSE, according to bulk deal data available with the stock exchange.
However, Citigroup Global Markets Mauritius Private Limited sold 1.6 million shares at Rs 605 and Ironwood Investment Holdings sold 3.7 million shares at Rs 605.01, data shows.
The stock opened at Rs 615 and touched a high of Rs 666 on the BSE so far. Till 1119 hours, a combined 186,612 shares changed hands on the counter on the BSE and NSE. The S&P BSE Sensex and CNX Nifty were down 0.3% each.