HDFC Mutual Fund Invests Rs 185 Crore in Amber Enterprises

Market Movers: Key Transactions on March 5

HDFC Mutual Fund has acquired a significant stake in Amber Enterprises India, a leading manufacturer of air conditioners, electronics, and mobility solutions. As per the bulk deals data, HDFC Mutual Fund purchased 2,41,000 shares (equivalent to 0.68% of paid-up equity) on March 5, at a buying price of Rs 7,650 per share, valuing the transaction at Rs 184.95 crore.

The acquisition has resulted in a 2.38% increase in Amber Enterprises India shares to Rs 7,834 on the BSE, amidst high volumes. The stock has sustained above all key moving averages, indicating a positive trend.

Xduce Technologies, a US-based app development and digital transformation company, has made additional investments in Dev Information Technology. On March 5, Xduce purchased 10,00,000 shares (equivalent to 1.77% stake) at a transaction price of Rs 26.68 per share, valued at Rs 2.66 crore. This follows their previous acquisition of a 12.48% stake in January, and an additional 9.09% stake on March 2.

Read also: Groww AMC Secures Strategic Boost as SEBI Approves State Street Global Advisors' Minority Stake

Block Deals: Key Transactions on March 5

• Investi Global Opportunity Fund PCC - Cell 1 has acquired 1,20,000 shares (equivalent to 0.95% stake) in Invicta Diagnostic at Rs 70.44 per share, valued at Rs 84.5 lakh. Invicta Diagnostic shares were locked in a 20% upper circuit at Rs 70.85 on the NSE.
• Goldman Sachs Bank Europe SE - ODI has picked up 9,71,000 shares (equivalent to 0.26% stake) in Afcons Infrastructure from Morgan Stanley Asia Singapore Pte at Rs 276.5 per share, amounting to Rs 26.8 crore.