Categories: Business & Economy

Adia, Motilal Oswal MF and others buy 2.9 % of the capital of Shaily Engineering Plastics for 284 crores ₹

Abu Dhabi Investment Authority (ADIA), Motilal Oswal Mutual Fund, Bofa Securities, Société Générale and other institutional investors have collectively acquired more than 13 Lakh of shares, a participation of 2.9 %, in Shaily Engineering Plastics Ltd with the Lighthouse Funds in the Society of Investment free market transactions.

According to data from the Block Agreement on ESB, 360 One Group, based in Mumbai, Aditya Birla Sun Life Mutual Fund, Trust Mutual Fund, Stallion Asset PVT Ltd, Samyak Enterprises and subhkam Ventures I were among the other entities that participated in the purchase. Together, these investors bought 13,33,155 shares, representing a participation of 2.9 % in the company, at an average price of 2,134 ₹ per share, valuing the total transaction at 284.49 crores ₹.

Lighthouse Funds, through its Lighthouse India Fund III Ltd branch, has sold the same number of shares in 11 entities at the same price, according to the stock market data. Following the sale of shares, Lighthouse’s participation in Shaily Engineering Plastics increased from 4.27 % to 1.37 %.
In June 2025, the promoters and entities of the group of promoters had 43.72 % participation in the company.

Shaily Engineering Plastics’ shares jumped 11.91 % to close to 2,408.15 ₹ each at ESB.

Source link

Michael Johnson

Recent Posts

New York Giants hire John Harbaugh as coach

John Harbaugh agreed Saturday to become coach of the New York Giants, finalizing the longtime big-market franchise's all-out search for…

3 days ago

After U-Va. resignations, Spanberger appoints 27 to Virginia college boards

Virginia Gov. Abigail Spanberger (D) moved quickly to change direction at the state's universities in her first hours in office…

3 days ago

Lamar Odom arrested and booked for drunk driving

Lamar Odom faces new legal problems. The two-time NBA champion was arrested and convicted of driving under the influence on…

3 days ago

BMC elections 2026: Here’s how to check your name in the Mumbai electoral roll

Polling for the Maharashtra municipal corporation elections, including that of the crucial and cash-rich Brihanmumbai Municipal Corporation (BMC), will be…

3 days ago

Trump: I might want to keep Hassett where he is

Trump appears to rule out Hassett as Fed chairman in his comments.Trump said Hassett was good on television today and…

3 days ago

Broncos take 20-10 halftime lead as Josh Allen’s fumble sets up last-second field goal

An incredibly costly fumble by Josh Allen changed the game just before halftime today in Denver.After the Broncos scored a…

3 days ago