Famed investor Radhakrishna Damani made headlines recently by selling a significant number of shares in VST Industries. On September 19, he divested 100,000 shares at an average price of Rs 439.05 per share. This move followed another sale of the same number of shares just a day earlier on September 18. As of June 30, 2024, Damani held a notable 3.47 percent stake in the company, highlighting his substantial involvement in the firm despite these recent sell-offs.
Recent Market Movements
The transactions around VST Industries have drawn attention not only because of Damani’s holdings but also due to the active participation of various institutional investors. For instance, Reliance Mutual Fund acquired 85,000 shares at an average rate of Rs 439.96 per share. In a similar vein, the Thrift Savings Plan purchased 83,970 shares for an average price of Rs 440.74.
Key Buyers and Their Purchases
| Investor | Shares Bought | Average Price (Rs) |
|---|---|---|
| Reliance Mutual Fund | 85,000 | 439.96 |
| Thrift Savings Plan | 83,970 | 440.74 |
| SBI Mutual Fund | 82,00,000 (Cube Invit) | 120 |
| Kotak Mahindra Life Insurance | 1,64,00,000 | – |
| ASK Financial Holdings | 82,00,000 | – |
| L&T Provident Fund | 90,00,000 | – |
| L&T Welfare Company Limited | 9,00,000 | – |
| Larsen & Toubro Limited | 4,00,00,000 | – |
Major Sell-offs in the Market
On the flip side, significant divestitures have also been observed. Cube Mobility Investments Private Limited sold a whopping 2.8 crore shares, while Cube Highways & Infrastructure Private Limited offloaded an even larger 10 crore shares in the same company. These transactions indicate a substantial reshuffle in VST Industries’ shareholder landscape.
Other Notable Transactions
In addition to the movements in VST Industries, several notable transactions were recorded in other companies. For example, Rohini Nilekani’s Smallcap Portfolio acquired 8.13 lakh shares of Allcargo Gati at an average price of Rs 105.21 per share. Additionally, Fiducian India Fund purchased 66,589 shares of Arie Agro for an average price of Rs 271 per share. Meanwhile, India Advantage Fund S4-I bought 10 lakh shares of EPACK Durable Limited at an average price of Rs 380.19 per share.
Conclusion
The recent trading activity in VST Industries and other companies suggests a dynamic shift in investor strategies, combining both aggressive buying and selling. As the market evolves, stakeholders will be keenly watching these movements to gauge future trends and investment opportunities.
