Sudarshan Chemical Industries Promoters Sell 3% Stake for Rs 197 Crore in Open Market Transactions

Pradeep Ramwilas Rathi and Subhadra Pradeep Rathi, promoters of Sudarshan Chemical Industries, sold a 3% stake in the company for Rs 197 crore. The bulk deal data on the BSE revealed that Pradeep Ramwilas Rathi sold 7.6 lakh shares, while Subhadra Pradeep Rathi offloaded 20.75 lakh shares. The shares were sold at prices ranging from Rs 950.04 to Rs 950 each.

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Following this transaction, Subhadra Pradeep Rathi completely exited Sudarshan Chemical Industries by selling her entire 1.9% stake. Meanwhile, Pradeep Ramwilas Rathi's holding decreased from 6.05% to 4.95%. Boon Investment and Trading Co, Jovial Investment and Trading Co, and Blue Daimond Properties acquired 20.22 lakh shares or a 2.92% stake in the company.

Sudarshan Chemical's Recent Developments

The shares acquired by these companies were bought at an average price of Rs 950 each, amounting to a total value of Rs 192.14 crore. However, other buyers of Sudarshan Chemical Industries' shares remain unidentified on the exchange. Last month, Sudarshan Chemical Industries announced its plan to acquire the global pigment business operations of Germany's Heubach Group for Euro 127.5 million, approximately Rs 1,180 crore.

Sudarshan Chemical Industries' stock saw a slight increase of 0.49%, closing at Rs 986.45 per share on the BSE. In another bulk deal on the BSE, Nomura Singapore exited Vishal Fabrics by selling 21.15 lakh shares or a 1.07% stake for Rs 6 crore through an open market transaction.

Vishal Fabrics Share Transactions

Nomura Singapore's shares were sold at an average price of Rs 28.46 each, making the deal worth Rs 6.02 crore. Legends Global Opportunities Singapore purchased 20.33 lakh shares of Vishal Fabrics at the same price, according to available data.

The identities of other buyers of Vishal Fabrics' shares could not be determined. Vishal Fabrics' stock rose by 1.97%, closing at Rs 28.46 per share on the BSE.

The recent transactions involving Sudarshan Chemical Industries and Vishal Fabrics highlight significant movements in their respective shareholdings and market activities.