Bulk deals: Brilliant Investment sold Rs 18 crore worth shares in Servotech Power Systems

Brilliant Investment Consultants sold 17.31 lakh shares at an average price of Rs 104.8, amounting to Rs 18.14 crore.

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Servotech Power Systems saw huge selling in NSE in the trading session. Brilliant Investment Consultants sold 17.31 lakh shares at an average price of Rs 104.8, amounting to Rs 18.14 crore. Brilliant Investment sold 0.8 percent of the stake in the company. According to the shareholding pattern, they held a 1.11 percent stake in the company until January 6, 2024.
Zenith Multi Trading DMCC sold 16 lakh shares or 0.74 percent stake at Rs 104.8 per share, equivalent to Rs 16.76 crore.
Shares of Servotech Power Systems rose 4.96 percent to Rs 104.8 on NSE.
In Inflame Appliances, 52,000 shares or 0.71 percent stake of the company exchanged hands at Rs 546 per share. India Emerging Giants Fund was the buyer while Vikasa India EIF I Fund was the seller. The transaction was worth Rs 2.83 crore. India Emerging Giants already held a 2.27 percent stake in the company til September 2023.Inflame Appliances stock fell 1.31 percent to Rs 548.6 on the BSE.
In NIBE, Vikasa EIF I Fund sold 69796 shares or 0.53 percent stake at Rs 949.75 per share. Vikasa sold Rs 6.62 worth shares in the company.
Shares of NIBE rose 5 percent and hit the upper circuit at Rs 949.75 on the BSE.