Stellar Wealth Partners India Fund Takes 0.87% Stake in Sakar Healthcare Zerodha Broking Acquires Rs 93 Crore Worth of Nazara Tech Shares

Indian Stock Market Sees Notable Transactions

The Indian stock market has witnessed significant transactions in recent days, with several investment partnerships and companies acquiring stakes in various firms. Notably, Stellar Wealth Partners India Fund I LP, a Delaware-based investment partnership founded by Gautam Baid, has acquired a 0.87 percent stake in Sakar Healthcare Limited.

The acquisition saw Stellar Wealth Partners India Fund I LP purchase 1.95 lakh shares in Sakar Healthcare Limited for Rs 12.95 crore at a price of Rs 664.58 per share. This move may have positively impacted the company's share price, which soared 16.16 percent to end at a record closing high of Rs 696.7 on the National Stock Exchange, amid strong volumes.

In another notable transaction, Zerodha Broking Limited picked up shares worth Rs 93 crore in Nazara Technologies Limited, a video game development company. The acquisition saw Zerodha Broking Limited acquire 35 lakh shares, equivalent to a 0.94 percent stake, in the company for Rs 93.04 crore at Rs 265.85 per share. Trading volumes in Nazara Technologies Limited remained high due to this acquisition.

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Promoter entities also participated in the trading of Nazara Technologies Limited shares. Mitter Infotech LLP sold 1.92 crore shares, representing a 5.19 percent stake, for Rs 511.95 crore, while Axana Estates LLP purchased 1.47 crore shares, equivalent to a 3.98 percent stake, for Rs 392.9 crore. Both transactions were made at a price of Rs 266 per share.

ICICI Prudential Mutual Fund also made a notable transaction, acquiring 2 lakh shares, representing a 0.019 percent stake, in Pidilite Industries Limited from Balvant K Parekh Foundation at Rs 1,460 per share.