ICICI Prudential Mutual Fund Boosts Stake in Galaxy Surfactants
ICICI Prudential Mutual Fund has increased its stake in Galaxy Surfactants by 0.83%, acquiring 2.97 lakh shares for Rs 124.00 crore at Rs 2,092.00 per share through open market transactions. This acquisition brings ICICI Prudential's total stake in the company to 1.02%.

*this image is generated using AI for illustrative purposes only.
Galaxy Surfactants , a leading manufacturer of surfactants and specialty chemicals, has seen a significant change in its shareholding pattern. ICICI Prudential Mutual Fund, a prominent player in the Indian mutual fund industry, has increased its stake in the company through a substantial open market transaction.
Transaction Details
ICICI Prudential Mutual Fund has acquired an additional 0.83% stake in Galaxy Surfactants, purchasing 2.97 lakh shares for a total consideration of Rs 124.00 crore. The transaction was executed at a price of Rs 2,092.00 per share through open market transactions.
Stake Increase Summary
Detail | Value |
---|---|
Additional Stake Acquired | 0.83% |
Shares Purchased | 2.97 lakh |
Total Consideration | Rs 124.00 crore |
Price per Share | Rs 2,092.00 |
Increased Ownership
Following this acquisition, ICICI Prudential Mutual Fund's total stake in Galaxy Surfactants has risen to 1.02%. This move indicates the fund's confidence in the company's prospects and potential for growth.
Market Implications
The substantial investment by ICICI Prudential Mutual Fund could be seen as a positive signal for Galaxy Surfactants. Such transactions by institutional investors often attract attention from other market participants and may influence investor sentiment towards the company.
About Galaxy Surfactants
Galaxy Surfactants is a leading manufacturer of surfactants and specialty chemicals used in personal care and home care industries. The company's products find applications in various consumer-centric industries, making it an important player in the chemical sector.
While specific financial details are not available at this time, the increased interest from a major mutual fund suggests that Galaxy Surfactants may be positioned favorably in its market segment. However, investors are advised to conduct their own research and consider various factors before making investment decisions.
Historical Stock Returns for Galaxy Surfactants
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.65% | +0.39% | +6.85% | -26.05% | -15.79% | +63.66% |