Fidelity Investment, Goldman Sachs pick stakes in bulk deals in MapMyIndia on market debut

Private equity firms Fidelity Investment Trust Fidelity Series Emerging Markets Fund and Goldman Sachs Funds have picked up stakes in C.E. Info Systems Limited- backed MapMyIndia through open market transactions on Tuesday. 

Fidelity Investment Trust and Goldman Sachs India Equity Portfolio bought 3,18,100 and 3,76,708 shares in MapMyIndia at Rs 1404.47 and Rs 1392.99 per share respectively on the NSE, as per the bulk deals data. 

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Shares of MapmyIndia made a stellar debut on the exchanges on Tuesday at over 53 per cent and 51 per cent premium to Rs 1581 and Rs 1565 per share on the BSE and NSE respectively.  

The shares of the company at day's end were trading at Rs.1394.55 per share, up almost 38 per cent on BSE and at Rs 1375 per share on NSE from the issue price. The initial public offering was offered at a lower price band of Rs 1000 per share and higher price band of Rs 1033 per equity share. 

While promoter group Vedanta Holdings Mauritius II Limited bought 6,79,15,740 equity shares of Vedanta Limited from Finsider International Company Limited at Rs 334.1 per share on the NSE, according to the bulks deal data. 

Individually, Nirmal Kumar Bathwal bought 18,96,948 equity shares and Penguin Trading & Agencies Ltd sold 28,81,000 equity shares in Filatex India Ltd at Rs 84.76 and Rs 81.3 per share on the NSE, as per the bulk deals data. 

In Debock Sale Marketing Ltd, Nanalal Bhanji Dudhaiya bought 42,000 shares, while Ramesh Bhandappa Munnoli and Sunil Kalot each sold 48,000 and 1,02,000 shares at the same price of 136.9 per share on the NSE, as per bulk deals data.