Kingsman Wealth Management Expands Stake in Biopol Chemicals

Kingsman Wealth Management Acquires Additional Stake in Biopol Chemicals

Key Highlights:

• Kingsman Wealth Management acquired an additional 0.7% equity stake in Biopol Chemicals via open market transactions on March 13.
• Biopol Chemicals shares rallied 3.39% to Rs 100.65 on the National Stock Exchange following a 3.61% decline in the previous session.

Details of Transaction:

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• Kingsman Wealth Management bought 80,400 equity shares (equivalent to 0.74% of paid-up equity) in Biopol Chemicals at Rs 96.99 per share.
• D V Investments sold 78,000 shares at Rs 97 per share.
• As of February 12, Kingsman Wealth Management already held a 5.55% stake (6 lakh shares) in Biopol Chemicals.
• On March 12, Kingsman Wealth Management also acquired a 1.21% stake in the company.

Promoter Activity:

• Mark AB Welfare Trust, promoter of SEPC, sold 1.27 crore equity shares (0.65% stake) in the EPC company at Rs 5.31 per share for Rs 6.76 crore.
• In the previous session, SEPC promoter offloaded 0.48% (85 lakh shares).