Craftsman Automation up 4% as Marina III Singapore sells entire 5.5% stake

India Acorn Icav (333,363 shares), Abu Dhabi Investment Authority (240,300 shares) and White Oak Capital Management Consultants LLP (128,959 shares) bought more than 100,000 shares of the company.

Shares of Craftsman Automation were up 4 per cent at Rs 3,391.65 on the BSE in Wednesday’s intra-day trade after Marina III (Singapore) Pte offloaded its entire 5.5 per cent stake in auto ancillary company via open market.

On December 6, Marina III (Singapore) Pte sold 1.16 million shares representing 5.5 per cent of total equity of Craftsman Automation for Rs 370 crore via block deal on the BSE, the exchange data shows. The foreign company sold these shares at price of Rs 3,200 per share, data shows.

India Acorn Icav (333,363 shares), Abu Dhabi Investment Authority (240,300