Shares of Galaxy Surfactants Ltd soared greater than 8% on 2 April after ICICI Prudential Mutual Fund acquired a further stake within the firm through a block deal.
ICICI Prudential Mutual Fund bought 2,97,500 shares on 1 April 2025 for Rs 2,092 per share, in line with NSE Bulk Deal knowledge. As of December 2024, ICICI Prudential Mutual Fund owned 1.02% of the corporate in accordance with the BSE shareholding construction.
Moreover, Nippon Life India held 2.25% of the shares in public mutual funds, adopted by Kotak Mutual Fund with 3.88% and Axis Mutual Fund with 4.38%.
Unnathan Shekhar and Shashikant Rayappa Shanbhag, the corporate’s promoters, held the most important pursuits of any particular person promoter, with 11.92 and 11.52%, respectively. People and Hindu undivided households held 41.69% of Galaxy Surfactants.
Galaxy Surfactants is a number one firm within the surfactant and speciality care ingredient market, catering to the private care and residential industries. The company has six cutting-edge amenities, together with 4 manufacturing amenities in India, one in Egypt, and one within the US, in line with its official web site.
Galaxy Surfactants produces quite a lot of speciality chemical compounds and surfactants, together with cationic, amphoteric, nonionic, and anionic surfactants. These are used within the manufacturing of non-public care merchandise akin to shampoos, conditioners, lotions, and cleansers, in addition to cleansing supplies for the house and office.
At 12:50 pm, the shares of Galaxy Surfactants have been buying and selling 8.23% greater at Rs 2,264 on NSE.
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