Radhakishan Damani acquires 1.44% stake in VST Industries, shares locked at 20% upper circuit: Check all buyers, sellers

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₹3,390 per share resulting in a 1.44 per cent stake in the company. The Avenue Supermarts' promoter through his investment vehicles Derive Trading and Bright Star, already holds 30.7 per cent stake in the company. Along with Damani, SBI Mutual Fund (SBI MF) also acquired 2.25 lakh shares of VST Industries today, at an average price of ₹3,390 per share, according to BSE.

This took the combined transaction value to ₹151.84 crore. Also Read: DMart Q2FY24 Results: Total revenue jumps 18.5% to ₹12,308 crore Meanwhile, two entities also divested a 2.9 per cent stake in VST Industries Ltd for ₹152 crore through open market transactions. HDFC Mutual Fund (MF) and DSP MF were the entities that offloaded their shares in VST Industries.

According to the bulk deal data available with the BSE, HDFC Mutual Fund sold 2 lakh equity shares and DSP MF disposed of 2.50 lakh shares, amounting to a 1.3 per cent stake in VST Industries and 1.6 per cent stake in the company, respectively. The shares were offloaded in the price range of ₹3,390-3,390.13 apiece, taking the combined transaction value to ₹152.55 crore. Shares of VST Industries were locked at over 20 per cent upper circuit to hit its fresh 52-week high mark of ₹4,065.95 apiece against a previous close of ₹3,387.75 on the BSE.

VST Industries manufactures and sell cigarettes and unmanufactured tobacco. The Hyderabad-based company boasts a market capitalization of ₹6,269.57 crore and has yielded returns of approximately 14 per cent over the last six months. The stock has gained nearly 23 per cent in the last year.