Shaily Engineering Plastics has seen a significant shift in its ownership structure as a group of prominent institutional investors, including Abu Dhabi Investment Authority (ADIA), collectively acquired a 2.9% stake in the company.

Key Transaction Details

Participating Investors

The consortium of buyers includes:

• Abu Dhabi Investment Authority (ADIA)
• Motilal Oswal Mutual Fund
• BofA Securities
• Societe Generale
• 360 One Group
• Aditya Birla Sun Life Mutual Fund
• Trust Mutual Fund
• Stallion Asset Pvt Ltd
• Samyak Enterprises
• Subhkam Ventures I

Seller Information

The shares were sold by private equity firm Lighthouse Funds through its arm Lighthouse India Fund III Ltd in 11 tranches. Following the transaction:

Ownership Structure

As of the latest available data:

Market Response

The market reacted positively to this development:

This transaction represents a significant vote of confidence in Shaily Engineering Plastics by major institutional investors. The involvement of entities like ADIA and various mutual funds suggests a positive outlook on the company's prospects. However, investors should conduct their own research and consider their financial goals before making investment decisions based on this news.

Shaily Engineering Plastics Ltd. (SEPL) saw its shares climb over 7% to Rs 2,324.00 on Tuesday, building on a 2.45% gain from the previous day. This surge is part of a broader trend of robust returns for the stock across various timeframes.

Stock Performance

SEPL's stock has demonstrated impressive gains:

Company Overview

Established in 1987 by Mike Sanghvi, Shaily Engineering Plastics has grown to become India's largest exporter of plastic components. The company boasts:

• Over 2,000 employees
• Seven manufacturing units
• More than 200 injection molding machines

SEPL caters to diverse sectors including medical, healthcare, consumer, and automotive. It specializes in high-performance polymers and holds the distinction of being the only licensed processor of Torlon in India.

Trading Insights

Tuesday's trading session saw a significant spike in activity:

• Trading volume reached 45 times the 30-day average
• The Relative Strength Index (RSI) stood at 56

Analyst Outlook

The stock is currently covered by four analysts:

• Two recommend a 'buy'
• Two suggest a 'hold'

The average price target indicates a 3.7% upside potential from current levels.

This recent surge and the overall positive performance of Shaily Engineering Plastics reflect the company's strong position in the plastic components export market and its diversified presence across key sectors. Investors and market watchers will likely continue to monitor the stock's performance given its impressive returns over the past year.