(PTI) Nomura India Investment Fund on Tuesday acquired shares of Phoenix Mills, a retail led mixed-use developer, for ₹326 crore through open market transactions.
Nomura India Investment Fund Mother Fund bought a total of 24,89,259 shares on both BSE and NSE, amounting to 1.39 per cent stake in the company, as per bulk deal data available with the National Stock Exchange (NSE) and BSE.
The shares were purchased at an average price of ₹1,310 apiece on both the exchanges, taking the aggregate value to ₹326.09 crore.
However, the seller(s) of the shares could not be ascertained.
On Tuesday, shares of Phoenix Mills closed 3.36 per cent lower at ₹1,302 on NSE and ₹1,303.60 per scrip on BSE.
In a separate bulk deal, Investcorp Private Equity Fund II divested 1.9 per cent stake in Safari Industries (India) for nearly ₹84 crore through an open market transaction.
According to bulk deal data available with the BSE, Investcorp Private Equity Fund II sold 4,50,000 shares, amounting to 1.89 per cent stake in the company.
The shares were sold at an average price of ₹1,861.44 per piece, taking the transaction value to ₹83.76 crore.
Post the latest transaction, Investcorp Private Equity Fund II's shareholding has reduced to 1.26 per cent from 3.16 per cent.
Meanwhile, HDFC Mutual acquired 2.5 lakh shares of the firm at an average price of ₹1,860 per scrip.
Shares of Safari Industries (India) closed 6.78 per cent lower at ₹1,866.50 per share on the BSE.