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Domestic Investors Buy Axiscades Stake as Stock Jumps 7%
Jupiter Capital sold part of its ownership in Axiscades Technologies.
The shares were bought by several investors, including Kotak Mahindra Mutual Fund and Abakkus.
The total sale was worth about ₹830 crore.
Jupiter Capital’s ownership dropped below half of the company after the transaction.
Axiscades shares rose more than 7% the next day.
In another deal, Motilal Oswal Mutual Fund bought shares of Centum Electronics.
The price of Centum Electronics shares fell nearly 3%.
The two transactions were reported through stock-exchange deal data.
Jupiter Capital sold 10.69% of Axiscades Technologies for ₹829.72 crore through NSE block deals.
Kotak Mahindra Mutual Fund was the largest buyer, acquiring nearly 5% for about ₹380 crore.
Abakkus affiliates bought a combined 3.03% stake for ₹235 crore, while Skegen and Vanaja Sundar also purchased shares.
Jupiter Capital’s holding fell to 47.34% from 58.03% after the sale, and Axiscades shares rose 7.48% to ₹2,222.
Separately, Motilal Oswal Mutual Fund bought ₹51.52 crore worth of Centum Electronics shares, which fell nearly 3%.
- Who
- Jupiter Capital sold Axiscades Technologies shares to Kotak Mahindra Mutual Fund, Abakkus affiliates, Skegen Asset Management and Vanaja Sundar; Motilal Oswal Mutual Fund separately bought Centum Electronics shares.
- What
- A 10.69% Axiscades stake was sold for ₹829.72 crore, while Motilal Oswal Mutual Fund separately bought shares worth ₹51.52 crore in Centum Electronics.
- Where
- The transactions were reported through the National Stock Exchange of India.
- When
- The transactions occurred on Tuesday, with the article published on September 30, 2026; Axiscades rose on Wednesday.
- Why
- Jupiter Capital sold part of its Axiscades holding, while the stated reason for the Centum Electronics purchase was not disclosed.
Key facts
- Axiscades stake sold
- 10.69%, or more than 45.48 lakh shares
- Axiscades transaction value
- ₹829.72 crore at ₹1,824 per share
- Jupiter Capital holding
- Declined from 58.03% to 47.34%
- Largest Axiscades buyer
- Kotak Mahindra Mutual Fund bought nearly 5% for about ₹380 crore
- Abakkus purchase
- Affiliates acquired 3.03% for ₹235 crore
- Axiscades share move
- Rose 7.48% to ₹2,222
- Centum Electronics deal
- Motilal Oswal Mutual Fund bought shares worth over ₹51.52 crore at ₹4,928.89 each
Sources
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