Bulk Deal: UTI, Aditya Birla, Nippon Acquire Stakes in Ashish Kacholia’s Stock
Among the buyers, UTI Mutual Fund acquired 4.92 lakh shares, Aditya Birla Sun Life Insurance Company Limited purchased 9.72 lakh shares, and Nippon India Mutual Fund bought 7.75 lakh shares, all at an average price of Rs 709.9.
A major bulk deal involving Awfis Space Solutions Ltd took place on December 11, with 85.3 lakh shares worth Rs 606 crore being traded. Among the buyers, UTI Mutual Fund acquired 4.92 lakh shares, Aditya Birla Sun Life Insurance Company Limited purchased 9.72 lakh shares, and Nippon India Mutual Fund bought 7.75 lakh shares, all at an average price of Rs 709.9. Additionally, Ashoka Whiteoak India Opportunities Fund picked up 9.15 lakh shares, while Goldman Sachs India Equity Portfolio acquired 8.57 lakh shares in the company.
On the selling side, promoter group company PEAK XV Partners Investments V divested 52 lakh shares, and Bisque Limited sold 30 lakh shares, both at an average price of Rs 709.9.
Q2 FY25 results
As per Quarterly Results, AWFIS Space Solutions Ltd in Sep 2024 reported a revenue of Rs 292 crore compared to Rs 208 crore representing a growth of around 208 per cent YoY. The company posted an operating profit of Rs 100 crore with a margin of around 34 per cent compared to Rs 60 crore with a margin of 29 per cent. In the current quarter, both the operating profit and margins have expanded. The company’s net profit stood at Rs 39 crore for the period compared to a loss of Rs 4 crore in the same quarter last year.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About the Company
Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India.Awfis Space Solutions provides a wide range of flexible workspace solutions from individual flexible desk needs to customize office spaces for startups, small and medium enterprises as well as for large corporates and multinational corporations.
Ashish Kacholia holds a 4.77 per cent stake in the company.
Disclaimer: This article is for informational purposes only and not investment advice.