Citadel Capital Fund Reduces Stake in CKK Retail Mart to 98.18%

Market Activity: Key Stakeholders in CKK Retail Mart and Striders Impex

Mauritius-based investment fund Craft Emerging Market Fund PCC has divested a 1.82 percent equity stake in CKK Retail Mart, a distributor of packaged agro-commodities and FMCG products, via open market transactions on April 6. This move comes as CKK Retail Mart shares may have reacted to the stake sale by Citadel Capital Fund, falling 3.81 percent to Rs 125 on the National Stock Exchange of India.

According to the transaction details, Craft Emerging Market Fund PCC, through its sub-fund Citadel Capital Fund, sold 3.54 lakh shares (1.82 percent stake) for Rs 4.43 crore at a price of Rs 125 per share. As of February 5, 2026, Citadel Capital Fund held a 6.79 percent stake in CKK Retail Mart.

In a contrasting development, Jagid Vanitaben Rajendraprasad acquired 1.61 lakh shares in CKK Retail Mart at Rs 125.01 per share, valued at Rs 2.02 crore.

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Meanwhile, brisk activity was also seen in Striders Impex shares, which rallied 4.77 percent to Rs 67.05 amid high volumes on the NSE. Upsurge Opportunities Fund 1 sold 1.39 lakh shares (0.74 percent stake) in Striders Impex, which specialises in licensing, own-brand development, and distribution of toys and kids' consumer merchandise, for Rs 93.26 lakh.

Longthrive Capital VCC, via Trendview Capital Fund, was also a seller in the stock, offloading 96,000 shares (0.51 percent stake) for Rs 64.32 lakh. The selling price was Rs 67 per share. As of March 5, 2026, Upsurge Opportunities Fund held a 1.5 percent stake in Striders Impex, while Trendview Capital Fund held 3.76 percent.

However, Le Merite Exports bought 1.26 lakh shares in Striders Impex at Rs 65.45 per share, amounting to Rs 82.72 lakh.

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