BAJAJ BROKING
Quant Mutual Fund buys a 1.68% stake in Zydus Wellness from Threpsi Care LLP. Threpsi sold a 2.6% stake, involving 17 lakh shares at an average price of ₹2,201.40 per share. On Tuesday, Zydus Wellness shares closed at ₹2,220 on the NSE, marking a slight 0.16% dip.
On Tuesday, Quant Mutual Fund acquired a significant 1.68% stake in Zydus Wellness, a prominent player in the consumer wellness sector, through an open market transaction. This purchase was made as Threpsi Care LLP, a subsidiary of private equity firm True North, divested a 2.6% stake in the company.
According to block deal data available on the National Stock Exchange (NSE), Threpsi Care LLP sold 17 lakh shares, representing a 2.67% stake in Zydus Wellness. These shares were disposed of at an average price of ₹2,201.40 each, culminating in a total transaction value of ₹374.24 crore. Following this sale, True North's holding in Zydus Wellness decreased from 10.12% to 7.45%.
Despite this significant transaction, Zydus Wellness’s share price saw a minor impact, closing at ₹2,220 on the NSE, down by 0.16% or ₹3.50. Over the past 12 months, the stock has shown remarkable performance, delivering a return of 51.59%, with a gain of approximately ₹755.
The acquisition by Quant Mutual Fund underscores its strategic interest in Zydus Wellness, reflecting confidence in its long-term growth potential. By purchasing the shares at ₹2,201.40 apiece, Quant Mutual Fund has expanded its portfolio in the consumer wellness sector, aligning with its investment strategy to include high-growth companies.
This isn't the first time True North has reduced its stake in Zydus Wellness. In December of the previous year, Threpsi Care LLP divested a 1.23% stake in the company for ₹127 crore, signalling an ongoing trend of stake reduction by the private equity firm.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
IPO vs FPO vs OFS: Key Differences in How Companies Raise Capital
11 Dec, 2024 | 8 Min. read
Gold Price in India - Gold Prices Edge Higher as Futures Hit $2,654.50
11 Dec, 2024 | 39 Min. read
Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16
11 Dec, 2024 | 2 Min. read
HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP
11 Dec, 2024 | 2 Min. read
NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI
11 Dec, 2024 | 2 Min. read
Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price
11 Dec, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading