Cartica Capital buys 5% stake in Page Industries for Rs 316 cr

Emerging markets-focused investment firm Cartica Capital today acquired five per cent stake in Page Industries Ltd for over Rs 316 crore through open market route.
Cartica Capital picked up 5.58 lakh shares, accounting to five per cent stake, of the company, according to bulk deal data available with the bourses.
Individually, the investment firm bought 4.08 lakh shares of Page Industries on the National Stock Exchange and 1.5 lakh scrips of the company on the BSE.
The shares were bought on an average price of Rs 5,673 valuing the transaction at Rs 316.55 crore.
The shares were purchased from company's three promoters -- Nari Genomal, Ramesh Genomal and Sunder Genomal -- and HDFC MF.

The promoters offloaded 1.36 lakh shares each, while HDFC MF sold 1.5 lakh shares.
As of December quarter, three promoters held 21.46 lakh shares each (amounting to 19.24 per cent stake) of the company.
Page Industries shares today settled at Rs 5,590.90 apiece on the BSE, down 0.72 per cent from the previous close.