Promoter Sells Rs 500 Crore Worth Anand Rathi Wealth Shares; Stake Sales in Federal Bank Also Noted
Promoter Offloads Equity Stake in Anand Rathi Wealth and Federal Bank
On May 29, Anand Rathi Financial Services sold 14.46 lakh shares (1.74 percent stake) in Anand Rathi Wealth for Rs 500 crore. The selling price was Rs 3,457.97 per share. This move came as the shares of Anand Rathi Wealth fell 3.25 percent to Rs 3,450.7 amid high volumes, especially after one-and-half-month of consolidation, on the National Stock Exchange.
The total promoters' shareholding in Anand Rathi Wealth was 43.11 percent as of March 2026. In another open market transaction, Integrated Core Strategies (Asia) and BNP Paribas Financial Markets sold shares in Federal Bank. BNP Paribas Financial Markets sold 3.76 crore shares in Federal Bank for Rs 1,085.1 crore at Rs 288.57 per share, while Integrated Core Strategies (Asia) Pte offloaded 1.51 crore shares of the bank at Rs 288.36 per share, valued at Rs 437.4 crore on the National Stock Exchange.
Federal Bank shares closed flat at Rs 289 amid significant volumes on the National Stock Exchange. BNP Paribas Financial Markets also sold shares in other companies, including 21.79 lakh shares in Multi Commodity Exchange of India for Rs 642.44 crore at Rs 2,947.84 per share, and 1.61 crore shares in National Aluminium Company for Rs 686.62 crore at Rs 424.21 per share.
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| Company | Shares Sold | Selling Price (Rs) | Value (Rs) |
|---|---|---|---|
| Multi Commodity Exchange of India | 21.79 lakh | 2,947.84 | 642.44 crore |
| National Aluminium Company | 1.61 crore | 424.21 | 686.62 crore |
In contrast, Integrated Core Strategies (Asia) Pte has been an active buyer, purchasing 93.81 lakh shares in Kalyan Jewellers India for Rs 333.3 crore at Rs 355.31 per share, and 1.27 crore shares in Rail Vikas Nigam for Rs 313.71 crore at Rs 245.46 per share.
| Company | Shares Bought | Buying Price (Rs) | Value (Rs) |
|---|---|---|---|
| Kalyan Jewellers India | 93.81 lakh | 355.31 | 333.3 crore |
| Rail Vikas Nigam | 1.27 crore | 245.46 | 313.71 crore |
iShares Core MSCI Emerging Markets ETF sold 2.86 lakh shares in GMM Pfaudler at Rs 768.3 per share, valued at Rs 22.02 crore. Prazim Trading and Investment Company has also made a significant acquisition, buying 1.69 crore units in Anzen India Energy Yield Plus Trust from Edelweiss Infrastructure Yield Plus for Rs 211.87 crore. The transaction price was Rs 125 per unit.
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Investor Takeaway
Investors should be cautious of promoter stake sales in Anand Rathi Wealth and Federal Bank.
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