Private Equity Firm Authum Investment Acquires 1.3% Stake in Prataap Snacks, Euro Pratik Sales Sees Minor Shareholder Update
Market Updates: Key Players Make Strategic Moves
The Indian stock market witnessed significant activity on Thursday, with several key players making strategic moves that impacted the share prices of various companies. Pratik Gunwant Singhvi, a prominent promoter, acquired a stake worth over Rs 14 crore in Euro Pratik Sales, the decorative wall panels and laminates distributor, through open market transactions.
Euro Pratik Sales shares reacted positively to the deal, rising by 7.3 percent intraday before closing at Rs 250.05 on the National Stock Exchange, representing a 1.26 percent gain from the previous day's close. Pratik Gunwant Singhvi acquired 5.45 lakh shares (0.53 percent stake) in Euro Pratik at Rs 258.82 per share, valued at Rs 14.1 crore.
Meanwhile, Shree Refrigerations shares surged 11 percent to Rs 264.6, marking the highest closing level since October 13, 2025. The rally came despite the Maharashtra Defence and Aerospace Venture Fund selling 2.5 lakh shares (0.7 percent stake) at Rs 261.97 per share, amounting to Rs 6.5 crore. The fund held a 5.03 percent stake in Shree Refrigerations as of March 2026.
Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4
The major action was also seen in Prataap Snacks, the snack food manufacturer, whose shares soared 13.34 percent to Rs 1,110.7 on the National Stock Exchange. This was a strong breakout, especially after a couple of months of consolidation. Promoter Authum Investment & Infrastructure acquired 3.11 lakh shares (1.3 percent) in Prataap Snacks for Rs 31.26 crore at Rs 1,004.38 per share. However, another individual promoter, Naveen Kumar Mehta, sold 1.52 lakh shares (0.63 percent stake) at Rs 990 per share, valued at Rs 15.06 crore.
In another significant transaction, LTM bought 25 lakh units in Citius TransNet Investment Trust from Nuvama Wealth Finance for Rs 25.27 crore on the BSE. The transaction price was Rs 101.1 per unit.
| Company | Share Price Increase | Closing Price |
|---|---|---|
| Euro Pratik Sales | 7.3% | Rs 250.05 |
| Shree Refrigerations | 11% | Rs 264.6 |
| Prataap Snacks | 13.34% | Rs 1,110.7 |
Note: Table shows the percentage increase in share price and the closing price of each company.
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