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On Tuesday, Ashish Ramchandra Kacholia purchased 1.2 million equity shares representing 1.1% of total equity of Bodal Chemicals at an average price of Rs 165 per share, the BSE bulk deal data shows.
Bengal Finance and Investment Private Limited too, bought 725,275 shares of specialty chemicals Company at price of Rs 166.69, the data shows.
Rakeshbhai Ravjibhai Patel, the promoter of Bodal Chemicals, has sold almost its entire or 2.35 million (2.15% stake) for Rs 38.78 crore. He sold shares at price of Rs 165.05 per share. CLICK HERE FOR BULK DEAL DATA
At 09:42 am; the stock was trading 10% higher at Rs 183 on BSE as compared to 0.35% rise in the S&P BSE Sensex. A combined 1.12 million shares changed hands on the counter on BSE and NSE so far.
At the end of March 2017 quarter, Ashish Kacholia hold stake in hold more than 1% stake in 18 companies include as APL Apollo Tubes, KEI Industries, GHCL, NOCIL, Parag Milk Foods and Vadilal Industries.