Mithun Sacheti Buys Stake in Arihant Foundations; Block Deals in Focus

Mithun Sacheti Buys Stake in Arihant Foundations; Block Deals in Focus

CaratLane founder Mithun Padam Sacheti and Siddhartha Sacheti bought 1.74 lakh shares each, or a 1.75% stake each in Arihant Foundations & Housing Ltd. Shares were fetched at ₹685 a piece against a block deal on Tuesday. Monet Securities Private Ltd offloaded 3.48 lakh shares in the aforesaid transaction for two equal tranches. Arihant Foundations’ stock closed at almost 5% higher post deal at ₹715.85.

Bulk Deals Overview

  • Gujarat Natural Resources Ltd: Rajasthan Gases Limited sold 1.1 crore shares at an average price of ₹24.53 per share. Ravi Omprakash Agrawal purchased the same number of shares at the same price. Rajasthan Gases held a 16.94% stake in the company as of September. The stock closed nearly 2% higher at ₹52.17.
  • Nectar Lifesciences Ltd: Isengard Direct PE LLC sold 14.5 lakh shares at an average price of ₹33.1 per share. Nectar Lifesciences’ stock remained flat, closing at ₹33.55.

These transactions highlight continued investor interest across various sectors, reflecting both strategic acquisitions and profit-booking.

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Source: Moneycontrol

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