 "Elgi Equipments extends rally on stake buy by Nalanda Capital")
Elgi Equipments surged 9% to Rs 149, extending its previous day’s 12% rally on the BSE, after private equity (PE) fund Nalanda Capital bought over 2% stake in the company though open market.
On October 08, 2015 , Nalanda India Equity Fund Ltd, a part of the Singapore based PE firm purchased 3.46 million equity shares representing 2.18% stake of Elgi Equipments for total consideration of Rs 42 crore.
It purchased 1.65 million shares of Elgi Equipments at Rs 121.50 on the NSE and bought 1.81 million shares at Rs 121.50 on the BSE, the bulk deal data shows.
Nalanda invests exclusively in small to mid-cap companies in India.
At 11:24 am, the stock was up 6% at Rs 145 on the BSE. A combined 1.07 million shares changed hands on the counter on the BSE and NSE so far.
On October 08, 2015 , Nalanda India Equity Fund Ltd, a part of the Singapore based PE firm purchased 3.46 million equity shares representing 2.18% stake of Elgi Equipments for total consideration of Rs 42 crore.
It purchased 1.65 million shares of Elgi Equipments at Rs 121.50 on the NSE and bought 1.81 million shares at Rs 121.50 on the BSE, the bulk deal data shows.
Nalanda invests exclusively in small to mid-cap companies in India.
At 11:24 am, the stock was up 6% at Rs 145 on the BSE. A combined 1.07 million shares changed hands on the counter on the BSE and NSE so far.
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