Electronics Mart India Promoters Pawan Kumar Bajaj and Karan Bajaj sold their 7.8 percent stake on Friday. Pawan and Karan made this deal for Rs 689 crore through open market transactions. Norway’s Government Pension Fund Global and State Bank of India Mutual Fund have bought the stake sold by Pawan and Karan. According to bulk deal data available on the National Stock Exchange (NSE), Pawan Bajaj and Karan Bajaj have sold 1.5-1.5 crore shares of Electronics Mart India, which is equal to 7.8 percent stake in the company.
Promoters’ stake in Electronics Mart India reduced
The promoters of the company have sold 3 crore shares at a price of Rs 229.75-229.77 per share. According to this, the total value of this deal is Rs 689.28 crore. After this deal in the open market, the total stake of the promoters and promoter group in Electronics Mart India has come down from 72.97 percent to 65.17 percent.
SBI Mutual Fund bought 1.51 crore shares of the company
Under this deal, SBI Mutual Fund has bought 1.51 crore shares equivalent to 3.92 percent stake in Electronics Mart India. Norges Bank-Government Pension Fund Global and Franklin Templeton Mutual Fund have bought 99.41 lakh shares of Electronics Mart India. These units have bought shares of Electronics Mart India at a price of Rs 229.75-230.79. However, information about the rest of the buyers who bought the company’s shares is not available.
The company’s shares closed with a gain of 2.64 percent on Friday
Let us tell you that on Friday, the last day of the week, the stock of Electronics Mart India closed at Rs 237.40 on BSE with a gain of 2.64 percent (Rs 6.10). During trading, the company’s shares touched a day high of Rs 247.50. The 52 Week High of the company’s stock is Rs 261.75. The current market cap of Electronics Mart India is Rs 9,133.94 crore.
With PTI inputs
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