DII acquires 4.54% stake in Orkla India via bulk deal
after close1 source ↓written by the desknot a recommendation
- Fund has purchased
- 4.54%
- acquiring
- 62,22,000 shares
- each
- ₹737.96
- totaling approximately
- ₹459.2 cr
- India rose
- 2%
Nippon India Mutual Fund has purchased 4.54% of Orkla India Ltd through a bulk deal, acquiring 62,22,000 shares at ₹737.96 each, totaling approximately ₹459.2 cr. Following this transaction, shares of Orkla India rose nearly 2%, reaching a high of ₹726.45. This move highlights growing institutional interest in the FMCG sector.
Not investment advice. For informational purposes only.