57 mins ago

Motilal Oswal MF Buys Spectrum Electrical Stake

Motilal Oswal MF Buys Spectrum Electrical Stake
Motilal Oswal MF buys stake in Spectrum Electrical; Fidelity offloads 2.69% stake in CAMS · businesstoday.in

Motilal Oswal Mutual Fund bought a small part of Spectrum Electrical Industries, a company that makes electrical parts.

They paid a lot of money for these shares, and the company's stock price went up a lot.

At the same time, a big investor called Fidelity sold some of its shares in another company called CAMS.

Two other big investors, Societe Generale and Goldman Sachs, bought those shares.

Also, a trust from Bharat Battery Manufacturing Company bought some shares in a tech company called Vedavaag Systems.

The stock price of Vedavaag Systems also went up a lot.

Key facts

Motilal Oswal MF
Acquired 0.73% stake in Spectrum Electrical Industries
Spectrum Electrical Industries
Shares hit 5% upper circuit for sixth straight session
Fidelity
Sold 2.69% stake in CAMS
CAMS
India's largest registrar and transfer agent for mutual funds
Societe Generale and Goldman Sachs
Acquired 2.94% stake in CAMS
Bharat Battery trust
Bought 1.11% stake in Vedavaag Systems
Vedavaag Systems
Shares hit 20% upper circuit

Sources

Related news