Bulk Deals: Sunil Singhania’s AMC picks up 1.23% stake in PSP Projects; IndusInd Bank sells 43.6 lakh shares in McLeod Russel

A celebrity investor Sunil Singhania-led Abakkus Emerging Opportunities Fund-1 has picked up at least 4,45,000 equity shares (1.23 per cent stake) in PSP Projects Limited at Rs 425.68 per share through an open market transaction on the NSE, as per the September 27, 2021 bulk deal data.

The data shows that promoter Patel Shilpaben P sold at least 15,50,000 equity shares (4.3 per cent holding) in PSP Projects at Rs 423.07 per share. While Bellwether Capital Private Limited, a portfolio management company, sold as many as 3,34,855 shares in the company at Rs 490.53 per share.

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The stock on Monday closed over 11.5 per cent higher to Rs 498.5 per share, while it touched a day’s high level of Rs 517.4 per share on the NSE.

Similarly, the promoter of Royal Orchid Hotels — Keshav Baljee — sold at least 2,71,591 equity shares (around a 1 per cent stake) in the company at 103.25 per share on Monday, the Bulk Deal data available on NSE showed.

The hotel stocks rallied most during Monday’s session, and even Royal Orchid Hotels stock jumped over 5 percent to Rs 105.75 per share at the market close on the NSE.

In another open market transactions route, the promoter of GMR Infrastructure — GMR Enterprises — sold 5,75,00,000 equity shares in the company, to its subsidiary Hyderabad Jabilli Properties at Rs 36.3 per share on the NSE, a bulk deal data showed.

The scrip ended flat with positive bias, up 0.3 per cent to Rs 36.50 per share at the market close on Monday.

As per the block deal data, banking heavyweight IndusInd Bank sold 43,69,267 shares in McLeod Russel India at Rs 30.99 per share, while Jaikarni Holdings Pvt Ltd picked up 20,00,000 shares in the company at Rs 30.96 per share and Supremus Projects bought 7,50,000 lakh shares at Rs 31 per share on the NSE.

The tea company stock ended flat with negative bias, down 0.25 per cent to Rs 30.60 per share on the NSE.

A small-cap IT company Kernex Microsystems (India)’s board member K Satyanarayana Raju sold 77,438 equity shares at Rs 75.19 per share on the NSE in an apparent block deal. Similarly, Pukhraj Baheti HUF sold 14,400 equity shares in Priti International at Rs 272.69 per share on Monday.