Burman Family acquires additional 3.6% stake in Religare Enterprises

Burman Family bought shares worth Rs 277.48 crore in Religare Enterprises

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Burman Family, founders of Dabur, acquired 3.6 percent additional stake in Religare Enterprises on January 31. According to the data given by NSE, Burman family through body corporates Puran Associates, VIC Enterprises, and M B Finmart bought 1.18 crore shares in the company at an average price of Rs 233.97.

 
Total Value of the transaction is Rs 277.48 crore.

 
Mahesh Udhav Buxani, NRI investor in Religare offloaded 45.19 lakh shares or 1.37 percent stake at Rs 234.51 per share. Buxani sold Rs 105.97 crore worth of shares in the market. Buxani held 1.38 percent stake in the company as of December 30.

 
With this transaction, the Burman Family now holds 24.77 percent stake in Religare Enterprises. At the end of December quarter, they were the single largest shareholder in the company with 21.17 percent stake in the company.

 
Shares of Religare Enterprises gained 4.74 percent to close at Rs 237.6 in the bourses today.

 
In India Pesticides, Quant Mutual Fund sold 5.76 lakh shares at average price of Rs 376.12 through open market transactions. Quant sold shares worth Rs 21.69 crore in the company. Quant Mutual Fund held 1.59 percent stake in the company till December 2023.

 
In Skipper, FPI Pacific Horizon Investment Trust sold 3.79 lakh shares or 0.36 percent stake at Rs 50.2 per share. The FPI sold 1.9 crore worth of shares in the company. Pacific Horizon held 3.7 percent stake in the company as of December 2023. Meanwhile, SK Bansal Family Trust which is part of the promoter group continued their selling in the company. SK Bansal Family Trust sold 1 lakh shares at an average price of Rs 45.09. The total value of the share sale is Rs 45.09 lakh. The trust had sold 1 lakh shares in the company in the previous session.

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