Bulk Deals: Nomura picks up stakes in newly listed Shriram Properties; stock ends 5% higher

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At least dozens of companies’ shares witnessed a change of hands during Monday’s session through the open market. In this regard, Nomura India Investment Fund Mother Fund – The MTBJ AC Nomura India Inves FD bought 20,00,000 shares in Shriram Properties at Rs 95.53 apiece on the NSE.

The Chennai-based Shriram Properties shares were listed at a 20 per cent discount to Rs 94 per share as compared to its issue price of Rs 118 per share on the exchanges on Monday. Shriram Properties’ initial public offer was booked 4.6 times on the final day of subscription on December 10.

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The stock after a weak listing witnessed a gain of almost 5 per cent at the market close to Rs 99.4 per share on the BSE, as against an over 2 per cent decline in the S&P BSE Sensex.

Amid global sell-off and rising cases of the Omicron, led the decline in the overall market. The impact of the same was also visible in the primary market and hence weak listing of Shriram Properties, the experts were of the view on Monday.

Similarly, Anand Rathi Global Finance Ltd bought 5,00,000 equity shares in Bannari Amman Spinning Mills at Rs 66.2 per share on the NSE, as per the bulk deals data. The stock closed almost 5.5 per cent lower to Rs 65.95 per share on the NSE.

While Enam Finance Pvt Ltd sold 50,00,000 equity shares in Future Enterprises at Rs 11.6 per share on the NSE, as per the bulk deals data. The stock hit an upper circuit of 20 per cent to Rs 11.6 per share as the Competition Commission of India suspends Amazon’s deal with Future Retail on Friday.

Promoter group Usha Martin Ventures Ltd picked up 5,00,000 equity shares in Usha Martin Edu & Sol Ltd at Rs 5.6 per share. And, individual investors Guttikonda Rajasekhar and Sanjay K Sethi have individually picked up 4,49,824 and 87,000 shares in Megasoft Limited and IMP Powers Ltd at Rs 54.85 and 23.46 per share respectively on the NSE, the bulk deals showed.