February 21, 2024

Some DIIs and FIIs were buyers in the transaction, CNBC-TV18 reported.

Shares of Pricol, an automotive components and precision engineered products manufacturer, recouped their losses and ended nearly 1 percent higher on January 17 following seven block deals in which a total of 5.6 percent stake exchanged hands.

Though Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 reported that Minda Corp and another private equity investor were likely sellers.

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Buyers of the deal include some domestic and foreign institutional investors, the report said.

According to Pricol’s December shareholding data, Minda Corp held a 15.70 percent stake in the company. Goldman Sachs Fund, Franklin India Smaller Companies Fund and Aditya Birla Sun Life Trustee were among the major institutional investors holding a stake in the company.

At close, shares of Pricol settled at Rs 370.75 on the NSE.

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