Craft Emerging Markets Fund Acquires 2.57% Stake in Rajputana Stainless on Listing Day

Financial Report: March 19, 2026

Mauritius-based Investment Fund Acquires Stake in Rajputana Stainless

Craft Emerging Market Fund, a Mauritius-based investment fund, has acquired a 2.57% equity stake in Rajputana Stainless, a stainless steel products maker, through open market transactions on March 19, 2026.

The acquisition was made through Craft Emerging Market Fund PCC's Citadel Capital Fund, which bought 12.5 lakh shares for Rs 15.25 crore, and Elite Capital Fund, which acquired 9 lakh shares for Rs 10.98 crore. Craft Emerging Market Fund picked up a total of 21.5 lakh shares, with a buying price of Rs 122 per share.

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Sapan Anil Shah HUF also participated in the buying activity, acquiring 5.3 lakh shares in Rajputana at Rs 119.51 per share for Rs 6.3 crore. Smital Suresh Thakkar bought 5.4 lakh shares at Rs 122 per share, valued at Rs 6.58 crore.

Bliss GVS Pharma also witnessed significant buying activity. Mateus acquired an additional 9.33 lakh shares (0.9% stake) in Bliss GVS Pharma at Rs 210.81 per share for Rs 19.68 crore. However, Arian Investment sold 10 lakh shares (0.94% stake) in Bliss GVS at Rs 210.82 per share for Rs 21.08 crore.

As of December 2025, Mateus held a 2.42% stake in Bliss GVS Pharma, while Arian Investment's shareholding in the company was 4.72%. Bliss GVS Pharma shares shed 3.82% on Thursday following a rally in the previous two sessions.

Key Figures:

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• Craft Emerging Market Fund acquired 2.57% stake in Rajputana Stainless for Rs 26.43 crore
• Mateus acquired 9.33 lakh shares in Bliss GVS Pharma at Rs 210.81 per share for Rs 19.68 crore
• Arian Investment sold 10 lakh shares in Bliss GVS at Rs 210.82 per share for Rs 21.08 crore