SBI Mutual Fund Acquires 0.86% Stake in 360 One WAM through Bulk and Block Deal

Market Activity Heats Up on May 8 with Notable Transactions

The Indian stock market witnessed significant activity on May 8, with several bulk and block deals taking place. NTC Industries and Parmeshwar Metal were among the companies involved in these transactions.

Bulk Deals

In a notable bulk deal, Sushma Dugar sold 93,040 shares (0.64 percent) of NTC Industries at Rs 165.87 per share. Similarly, Poonam Sundeep Karna sold 78,000 shares (0.51 percent) of Parmeshwar Metal at Rs 185.42 per share for approximately Rs 1.45 crore.

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Another significant bulk deal involved 360 One WAM, where SBI Mutual Fund bought 35.13 lakh shares (0.86 percent) at Rs 1,115 per share. In the same deal, Times Internet Limited sold 35.90 lakh shares (0.88 percent) at Rs 1,115.01 per share.

Other notable bulk deals included Pro Clb Global, where Jaydeep Chandubhai Kotwani bought 65,000 shares (1.27 percent) at Rs 35.09 per share. Dilip Jagannathrao Patil sold 63,538 shares (1.25 percent) valued at around Rs 22.30 lakh. Clear Vision Eye Hospital Private sold 60,000 shares (1.18 percent) worth approximately Rs 21.05 lakh, while Tejas Vinubhai Patel sold 28,845 shares (0.57 percent) for nearly Rs 10.12 lakh.

Chetana Education also witnessed significant activity, with Prasoon Pankaj buying 1.04 lakh shares at Rs 46.93 per share.

Brooks Lab saw Ramesh Thakurdas Jaisinghani sell 1.71 lakh shares at Rs 50.55 per share. Silgo Retail witnessed Garima Taneja sell 1.78 lakh shares (1.12 percent) at Rs 81.67 per share.

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OnEMI Technology Solutions was another company involved in a significant bulk deal. RGSL Investment LVF 1 sold 12.39 lakh shares at Rs 190 per share for approximately Rs 23.55 crore. First Bridge India Growth Fund bought 10.31 lakh shares at Rs 194.07 per share, while Sanjay Popatlal Jain bought 20.88 lakh shares at Rs 197.69 per share. Sanjay Popatlal Jain also sold 1.88 lakh shares at Rs 225.03 per share.

Quick Heal Technologies saw Kedia Securities Private buy 4.50 lakh shares at Rs 209.13 per share for approximately Rs 9.42 crore.

Kotyark Industries witnessed Promoter Bhaviniben Gaurang Shah continue offloading stake for the third day. He sold 66,500 shares (0.75 percent) at Rs 404.01 per share.

Block Deals

A notable block deal took place in Lenskart Solutions, where around 11.22 crore shares (6.46 percent) changed hands at Rs 473.4 per share. The major buyers included Mirae Asset Mutual Fund, Kotak Mahindra Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, and HSBC Mutual Fund. Other buyers included BlackRock entities, Fidelity funds, Wasatch Advisors, Morgan Stanley Asia Singapore, and National Pension System schemes.

The major sellers included Alpha Wave Ventures II, Birdseye View Holdings II, TR Capital III Mauritius II, and ABG Capital entities. Other sellers included Kariba Holdings IV Mauritius, TR Capital II, and TRI Funds Holding.

Another block deal took place in PB Fintech, where around 96.81 lakh shares (1 percent) changed hands at Rs 1,664 per share. The key buyers included Morgan Stanley Asia Singapore, Societe Generale, Tata AIA Life Insurance, HDFC Mutual Fund, and Ghisallo Master Fund. The seller in the transaction was Tencent Cloud Europe. This comes after March 6 when Tencent Cloud Europe reduced its holding from 2.12% to around 1.06%.