A complete of 44.72 lakh shares, or 4.12 per cent stake, in TBO Tek had been acquired by the three mutual fund homes in three separate transactions on the BSE.
As per the majority deal knowledge, Nippon India MF acquired 28.11 lakh shares in TBO Tek, SBI MF bought 8.78 lakh shares, and ICICI Prudential MF picked up 7.83 lakh shares of the corporate.
The shares had been bought at a median value of Rs 1,200 apiece, taking the mixed worth to Rs 536.75 crore.
In the meantime, Augusta TBO (Singapore) Pte and TBO Korea Holdings, two public shareholders, divested a 6.7 per cent stake in Gurugram-based TBO Tek for Rs 870 crore by means of open market transactions.
Augusta TBO (Singapore) offloaded 46.29 lakh shares or 4.3 per cent holding in TBO Tek, whereas TBO Korea Holdings bought 26.20 lakh scrips, amounting to a 2.42 per cent stake within the firm, as per the info. The shares had been disposed of at a median value of Rs 1,200.02-1,200.04, taking the combination deal worth to Rs 870.02 crore. After the stake sale, Augusta TBO’s holding in TBO Tek has come down to five.41 per cent from 9.71 per cent and TBO Korea Holdings stake to three.08 per cent from 5.50 per cent.
Particulars of the opposite purchaser(s) of TBO Tek’s shares couldn’t be ascertained on the change.
Shares of TBO Tek on Friday fell 4.93 per cent to shut at Rs 1,207.35 apiece on the BSE.
In December final yr, Augusta TBO Singapore and TBO Korea Holdings pared a complete of 5.9 per cent stake TBO Tek for almost Rs 935 crore.
