NewsOrders & DealsEverest Corporation Acquires 2% Stake in Apollo Techno for ₹3.6 Crore in January 12 Bulk DealsEverest Corporation Acquires 2% Stake in Apollo Techno for ₹3.6 Crore in January 12 Bulk Deals
January 12 bulk deals were led by Everest Corporation's ₹3.60 crore acquisition of 1.99% stake in Apollo Techno Industries at ₹132.60 per share. Royal Alpha Growth purchased 1.26% of KV Toys India for ₹2.58 crore, while Bright Outdoor Media saw ownership change as Aegis Investment Fund sold 0.57% stake for ₹5.00 crore to Ramneek Sehgal and Sons HUF. Additional transactions included Multitude Growth Funds acquiring 0.65% of Shanti Educational Initiatives for ₹18.00 crore and trading activity in Unified Data Tech Solutions involving Pankaj Prasoon and BNP Paribas Financial Markets.
*this image is generated using AI for illustrative purposes only.
January 12 witnessed significant bulk deal activity across multiple sectors, with Everest Corporation leading the transactions by acquiring a substantial stake in Apollo Techno Industries. The day saw investors actively repositioning their portfolios through strategic acquisitions and divestments.
Major Acquisitions Drive Market Activity
Everest Corporation emerged as the primary buyer, purchasing 2.73 lakh shares representing 1.99% of the paid-up equity in construction equipment manufacturer Apollo Techno Industries. The transaction was executed at ₹132.60 per share, totaling ₹3.60 crore. Apollo Techno Industries shares responded positively to the acquisition, gaining 0.33% to close at ₹131.70 on the BSE.
| Transaction Details: | Everest Corp - Apollo Techno |
|---|---|
| Shares Acquired: | 2.73 lakh shares |
| Stake Percentage: | 1.99% |
| Price per Share: | ₹132.60 |
| Total Value: | ₹3.60 crore |
| Closing Price: | ₹131.70 (+0.33%) |
Royal Alpha Growth Targets Toy Sector
Royal Alpha Opportunity Fund, the alternate investment fund owned by Royal Alpha Growth, strategically acquired 79,200 equity shares in KV Toys India, securing a 1.26% stake in the plastic-moulded and metal-based toys manufacturer. The purchase was executed at ₹326.27 per share for a total consideration of ₹2.58 crore. KV Toys India shares rallied significantly, closing 3.56% higher at ₹336.30.
Bright Outdoor Media Sees Ownership Change
Bright Outdoor Media witnessed an interesting ownership transition as Aegis Investment Fund divested 1.24 lakh shares, representing a 0.57% stake, at ₹400.85 per share for ₹5.00 crore. The shares were immediately acquired by Ramneek Sehgal and Sons HUF at a slightly higher price of ₹401.36 per share, totaling ₹5.01 crore. The advertising agency's stock jumped nearly 3% to close at ₹438.95.
| Bright Outdoor Media Transaction: | Seller | Buyer |
|---|---|---|
| Shares: | 1.24 lakh | 1.24 lakh |
| Price per Share: | ₹400.85 | ₹401.36 |
| Total Value: | ₹5.00 crore | ₹5.01 crore |
| Stake: | 0.57% | 0.57% |
Additional Market Movements
Multitude Growth Funds, a Mauritius-based investment firm, made a substantial investment in the education sector by acquiring 10.58 lakh shares in Shanti Educational Initiatives. The transaction was executed at ₹170.00 per share for approximately ₹18.00 crore, securing a 0.65% stake. The stock closed marginally higher at ₹170.00, up 0.5%.
Unified Data Tech Solutions attracted attention by hitting the 5% upper circuit at ₹355.65 with above-average trading volumes. The IT solutions company saw investor Pankaj Prasoon purchase 1.40 lakh shares at ₹330.14 per share for ₹4.63 crore, while BNP Paribas Financial Markets sold 1.39 lakh shares at ₹330.07 per share for ₹4.59 crore.
The bulk deals reflect continued investor interest across diverse sectors, from construction equipment and toys to advertising and education, indicating selective buying in specific growth opportunities.
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