Whalesbook
Lloyds Group Boosts Bharat Wire Ropes Holding
Lloyds Group entities made substantial open market purchases in Bharat Wire Ropes on April 17, acquiring a cumulative 5.31% equity stake for approximately ₹74.11 crore. Lloyds Metals and Energy picked up 20 lakh shares at ₹193.42 each, while its affiliate Lloyds Enterprises bought a combined 16.46 lakh shares at prices ranging from ₹215 to ₹215.17 per share. This strategic accumulation immediately impacted market sentiment.
Bharat Wire Ropes Shares Hit Upper Circuit
The news of the increased stake by Lloyds Group sent Bharat Wire Ropes shares soaring 20%, hitting the upper circuit for the first time since late October 2025. The stock closed at ₹221.96, its highest level since July 10, 2025, signaling strong investor confidence following the bulk deal. In a counter-move, Resonance Opportunities Fund divested 2.48% of its stake in the company at ₹193 per share.
HCP Investments Divests Ind-Swift Labs Stake
Simultaneously, HCP Investments continued its sell-off in Ind-Swift Laboratories, offloading an additional 5.53% equity stake for ₹64.4 crore. Shares of the pharmaceutical firm declined sharply by 9.32%, closing at ₹131.86 on the National Stock Exchange. This latest transaction follows a previous sale of 1.12%, bringing HCP Investments' total divestment over two days to 6.65% of its original shareholding.
Other Notable Transactions
In separate dealings, Sahastraa Advisors acquired 4.75 lakh shares in Ind-Swift Laboratories at ₹131.74 each, and Nova Global Opportunities Fund PCC - Touchstone purchased 8.03 lakh shares at ₹138.07. Prazim Trading and Investment Company also bought 32 lakh units in Anzen India Energy Yield Plus Trust at ₹125 per unit, valued at ₹40 crore, while Famy Steri sold units in the same trust.