BofA Securities Acquires 0.66% Stake in MTAR Technologies for ₹54.9 Crore in Bulk Deal
BofA Securities Europe acquired 0.66% stake in MTAR Technologies for ₹54.9 crore, driving the stock up 6.84% to its highest level since October 2023. Simultaneously, Societe Generale and Marshall Wace executed a ₹50.82 crore share exchange in Tata Capital. Additional bulk deals included transactions in Kwality Pharmaceuticals, Sigachi Industries, and other companies, demonstrating active institutional participation in Indian equity markets.

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Major institutional investors executed significant bulk deals on January 9, with BofA Securities Europe leading the activity by acquiring a substantial stake in a precision engineering company, while other notable transactions involved pharmaceutical and financial services firms.
BofA Securities' Major MTAR Technologies Acquisition
BofA Securities Europe SA acquired a significant position in MTAR Technologies , purchasing 2.06 lakh shares representing 0.66% of the company's paid-up equity. The transaction details are outlined below:
| Parameter: | Details |
|---|---|
| Shares Acquired: | 2.06 lakh shares |
| Stake Percentage: | 0.66% of paid-up equity |
| Price per Share: | ₹2,665.45 |
| Total Transaction Value: | ₹54.90 crore |
The precision engineering solutions provider's stock responded positively to the institutional interest, surging 6.84% to ₹2,689.70 amid high trading volumes. The stock reached its highest intraday level since October 23, 2023, demonstrating strong market confidence despite broader equity market sell-offs.
Tata Capital Share Exchange Between Institutional Players
A notable share exchange occurred in Tata Capital, involving two major institutional investors. Societe Generale acquired shares from Marshall Wace Investment Strategies through a structured transaction:
| Transaction Details: | Specifications |
|---|---|
| Buyer: | Societe Generale |
| Seller: | Marshall Wace Investment Strategies |
| Shares Transacted: | 14.33 lakh shares |
| Stake Percentage: | 0.03% |
| Price per Share: | ₹354.50 |
| Total Value: | ₹50.82 crore |
| Selling Funds: | Tops World Equities Fund and Eureka Fund |
Tata Capital's stock gained 1.55% to ₹360 following the transaction, reflecting positive market sentiment toward the institutional activity.
Additional Bulk Deal Activities
Several other companies witnessed significant bulk transactions during the session. Kwality Pharmaceuticals attracted attention with contrasting institutional moves, as ARK Global Emerging Companies LP acquired 76,400 shares at ₹1,130.04 per share for ₹8.63 crore, while Deepak Bansal sold 69,353 shares at ₹1,122.42 per share for ₹7.78 crore. The pharmaceutical company's stock soared 5.58% to ₹1,153.35 amid high volumes.
In other notable transactions:
- Aegis Investment Fund sold 86,611 equity shares in Krystal Integrated Services at ₹622.89 per share for ₹5.39 crore
- Ketan Hasmukhlal Doshi acquired 56.83 lakh shares (1.48% stake) in Sigachi Industries at ₹29.91 per share for ₹17.00 crore
- Tiger Strategies Fund continued reducing its position in EPW India, selling 87,600 shares at ₹117.11 per share
Market Impact and Trading Patterns
The bulk deal activity demonstrated continued institutional interest in select Indian equities, with precision engineering and pharmaceutical sectors attracting significant attention. MTAR Technologies' strong price performance following the BofA acquisition highlighted investor confidence in the company's prospects, while the institutional share exchange in Tata Capital reflected strategic portfolio adjustments among global investment firms.
Historical Stock Returns for MTAR Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.84% | +12.28% | +15.52% | +70.74% | +58.06% | +148.47% |
















































