Nippon India Mutual Fund Increases Stake in ICRA; Goldman Sachs Offloads Cello World Shares

Nippon India Mutual Fund Acquires Additional Stake in ICRA

On April 7, Nippon India Mutual Fund made a significant move by acquiring an additional 1.5 percent equity stake worth more than Rs 73 crore in rating agency ICRA through open market transactions.

ICRA shares closed the day with a gain of 0.16 percent at Rs 5,115.5, with the highest volumes traded since July 3, 2025. The stock has experienced consolidation over the last five-six sessions. Nippon India Mutual Fund acquired 1.44 lakh shares (1.5 percent stake) for Rs 73.56 crore through two transactions, with a buying price of Rs 5,075 per share.

Nippon Life India Trustee, through its Nippon India Small Cap Fund, already held a 6.88 percent stake in ICRA as of March 2026.

Read also: Market Analysis: Key Stocks to Watch - Narayana Hrudayalaya, ABB India, Federal Bank, Premier Energies, Ather Energy and More

Meanwhile, Cello World, a houseware company, saw its shares rise 0.21 percent to Rs 402.65 on the National Stock Exchange. Goldman Sachs Funds, through its Goldman Sachs India Equity Portfolio, sold 13.82 lakh shares (0.62 percent stake) in Cello World at Rs 401 per share, valued at Rs 55.45 crore.

Mahanagar Gas, the natural gas distribution company, also saw significant activity. Eastspring Investments India Equity Open, a part of Prudential plc's Eastspring Investments, offloaded 7.25 lakh shares (0.73 percent stake) for Rs 69.39 crore, with a selling price of Rs 957.01 per share.

Read also: FirstClub Secures $55 Million in Funding from Peak XV, Sofina, and Other Investors 9 Months After $22 Million Series A Round

In another notable transaction, non-institutional investor Bhaskara Rao Bollineni acquired an additional 5.12 lakh shares (1.15 percent stake) in Sai Parenterals, the pharmaceuticals company, at Rs 409.25 per share, valued at Rs 20.96 crore. Bhaskara Rao already held a 2.9 percent stake in the company as of March 2026. The stock may have reacted to this deal, rising 0.64 percent to Rs 409.25.

Finally, in GSP Crop Science, PSL bought 2.5 lakh shares at Rs 388.29 per share, while Longthrive Capital VCC through Gamma View Funds sold the same number of shares at Rs 388.25 per share, valued at Rs 9.7 crore.