SBI Mutual Fund buys more shares of this agro stock. Shares rose 13% in four days

Impact on Hatsun Agro’s share price

Following the news of these mutual funds buying stake in Hatsun Agro Product Ltd, the agriculture stock continues to trend upwards. In the last four days, this share of agriculture has increased from approx. 988 each level to 1117 per share level, an increase of nearly 13 per cent over the past four days.

SBI Mutual Fund Block Deal

According to the information available in Share Market In an exchange filing, SBI Mutual Fund has informed that it has bought 15.2 lakh new shares of Hatsun Agro Products Limited and now has a net stake in the company 12,111,562 shares of the company, which is 5.6186 percent of the total paid-up capital of the company. Prior to this open market purchase, SBI Mutual Fund held 10,591,562 shares of the company, which was 4.9134 per cent of the total paid-up capital of the company. That is, after buying in the open market, SBI Mutual Fund’s stake in the company has increased by 0.70 percent.

“We would like to inform you that SBI Mutual Fund has acquired 15,20,000 shares of your company under its various schemes, resulting in acquisition of more than 5% of the paid-up share capital of your company. SEBI In terms of Regulation 29(1) (Substantial Acquisition of Shares and Acquisitions) Regulations, 2011, please refer to the attached report giving details of our holding in your company. Holdings of SBI Mutual Fund, under its various schemes, as on September 06, 2022 As of the time of trading, it stood at 1,21,11,562 shares, which is 5.6186% of the paid-up share capital of your Company,” SBI Mutual Fund informed the company, which is available in its exchange filings.

Sundaram Mutual Fund Investments 118 crore

Apart from SBI Mutual Fund, Sundaram Mutual Fund also bought 12 lakh shares of the paying company. 987.80 each to the company. It means, Sundaram Mutual Fund invested 1,18,53,60,000 or around 118 crores.

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