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Veteran Investor Shankar Sharma Offloads 2 Lakh Shares Of DroneAcharya In A Bulk Deal
Inc42
·
1y ago
Medial
Shankar Sharma, a pre-IPO investor in drone startup DroneAcharya, sold 2 lakh shares worth around INR 3.1 crore on the BSE. Sharma's stake in the company had previously stood at 1.91% but his name no longer appears on the shareholders list for the quarter ending March 2024. Following the stake sale, DroneAcharya's shares dropped 4.4% on the BSE, but made a recovery on Friday to close 3% higher. The startup recently secured contracts from the Indian Army and Adani Group, and also received a work order worth INR 53 lakh from Alter Dynamics & Artificial Intelligence.
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DroneAcharya shares jump 3.2% after securing contract from TCS & BofA’s bulk deal
Inc42
·
1y ago
Medial
Shares of DroneAcharya rose 3.2% to INR 195 on the BSE after securing a contract worth INR 15.8 lakh from Tata Consultancy Services (TCS). BofA Securities Europe SA also recently purchased 1.67 lakh shares in a bulk deal worth over INR 3 crore. The agreement with TCS involves the supply of a 5G-enabled drone with a visual camera and ground control station for remote access and live data relay. DroneAcharya offers drone-based solutions across various sectors and has recently signed an agreement to acquire a 51% stake in PYI Technologies.
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QRG Investment Dumps 3.89 Lakh Shares Of Awfis For INR 27 Cr
Inc42
·
28d ago
Medial
QRG Investment & Holdings, an early investor in Awfis, sold 3.89 lakh shares of the coworking space provider for INR 26.64 crore in a bulk deal. Shares were sold at INR 685.01 each, while Awfis's stock closed at INR 658.6, down 3.1% from the previous close. At the end of Q1 2025, QRG Investments held a 7.12% stake in Awfis. Awfis reported a significant annual increase in profit and operating revenue.
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March Capital Offloads CarTrade Shares Worth Over INR 70 Cr In Bulk Deals
Inc42
·
1y ago
Medial
March Capital, a pre-IPO shareholder of CarTrade Technologies, offloaded around 950,000 shares of the company in bulk deals worth over INR 70 crore. Spritefield Venture International sold 632,000 shares, while MCP3 SPV sold 316,000 shares. CarTrade's shares fell 2.8% despite ICICI Prudential Mutual Fund purchasing 677,000 shares in bulk deals. In its Q3 FY24 report, CarTrade reported a net loss of INR 23.5 crore, primarily due to the closure of the OLX business division. However, the operating revenue increased by over 42% to INR 138.6 crore.
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Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares
Inc42
·
1y ago
Medial
Societe Generale sold over 86.5 lakh shares of Zomato in a block deal, amounting to INR 117.81 crore. These shares were then purchased by Marshall Wace, a British hedge fund. At the same time, Societe Generale acquired nearly 5 lakh shares of PB Fintech (parent company of Policybazaar) for INR 46.13 crore. This move comes amidst a sell-off by foreign institutional investors in the Indian equities market. Zomato has seen several block deals recently, while Policybazaar is expected to report profits starting Q3 FY24.
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More election rallies than market rallies: Shankar Sharma takes witty jibe at D-St volatility
Business Today
·
3m ago
Medial
Stock market veteran Shankar Sharma humorously criticized the current market volatility amid state assembly elections in a post on the social media platform 'X.' He remarked that over the past 6-8 months, India has witnessed more election rallies than stock market rallies, highlighting the significant influence of political events on market dynamics. His comment underscores the unpredictability and sensitivity of markets to political climates.
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Bulk deals: ICICI Prudential Life Insurance increases stake in Star Health and Allied Insurance
Money Control
·
1y ago
Medial
ICICI Prudential Life Insurance has increased its stake in Star Health and Allied Insurance by purchasing 30,00,000 shares at an average price of Rs 553. Apis Growth 6, a foreign investor, sold 1,00,00,000 shares of Star Health and Allied Insurance, equivalent to a 1.7% stake. Meanwhile, in Suven Pharmaceuticals, Abu Dhabi Investment Authority acquired a 0.61% stake, while Amansa Holding Private offloaded a 1.22% stake. Additionally, Shankar Sharma acquired a 0.59% stake in MOS Utility Ltd. Lastly, Chimetech Holdings sold a 1.04% stake in Delhivery.
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MobiKwik Shares Rally 15% On Block Deal Buzz
Inc42
·
20d ago
Medial
Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa’s Net1 UEPS Technologies, sold its entire 8% stake in MobiKwik through a bulk deal. The sale involved 62.15 lakh shares sold at INR 230.16 each, generating INR 143.06 crore. Investors like Societe General, HDFC Mutual Fund, and Citi Group acquired the offloaded shares. Net1 had initially invested $40 million in MobiKwik back in 2016.
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SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr
Inc42
·
1y ago
Medial
Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.
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Mamaearth Parent Honasa Shares Tank 4% Post Major Block Deal
Inc42
·
1y ago
Medial
Shares of a company opened at INR 440.60, lower than the previous closing price of INR 457.70. The shares were trading at INR 441.35 at 10:00 AM on Tuesday, and a block deal of 2% equity, representing 66.2 lakh shares, took place.
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'Let them suffer': Market guru Shankar Sharma on new SIP investors facing market correction pain
Business Today
·
4m ago
Medial
Market expert Shankar Sharma commented on the struggles faced by new SIP investors amid market corrections, suggesting it’s essential for them to experience such challenges to become better investors. SIP investments are declining due to investor panic, coinciding with a significant dip in key stock indices. Sharma predicts tougher times for the market, indicating potential negative returns in 2025, urging fund managers to adopt more meticulous and selective investment strategies.
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