Whalesbook
HDFC MF Exits TV Today Stake
HDFC Mutual Fund divested a significant 2.43 percent equity stake in media firm TV Today Network. The transaction, executed through open market sales on January 7, saw the fund house offload 14.5 lakh shares at Rs 138 apiece, netting Rs 20.01 crore.
Market Reaction for TV Today
Despite the sale, TV Today Network shares saw a 2.4 percent rally, closing at Rs 142.34 on the NSE amid high trading volumes. However, the stock has traded within a narrow range for the past two weeks. Wealth Guardian emerged as a buyer, acquiring 3.6 lakh shares, or 0.6 percent, for Rs 4.96 crore.
Kedia Sells Mangalam Drugs Shares
In a separate transaction, Kedia Securities, associated with noted investor Vijay Kedia, offloaded 1.37 lakh shares in pharmaceutical company Mangalam Drugs and Organics. This stake sale, totaling 0.87 percent, occurred at Rs 35.09 per share, bringing in Rs 48.35 lakh.
Other Sellers in Mangalam Drugs
Several other entities also sold shares in Mangalam Drugs. Neo Apex Venture divested 80,000 shares, Epitome Trading and Investments sold 1.2 lakh shares, and Multiplier Share & Stock Advisors offloaded 1.25 lakh shares, all at prices around Rs 34.44 to Rs 34.9 per share.
Mangalam Drugs Rally Continues
Mangalam Drugs has been on an upward trajectory, consistently hitting its 5 percent upper circuit since December 29. The stock has surged over 47 percent in the last eight consecutive trading sessions, showing strong investor interest despite the substantial selling pressure from Kedia Securities and others. HDFC Asset Management Company's holding in TV Today Network, via its HDFC Small Cap Fund, stood at 3.03 percent as of December 2025.