MF Bulk Deals: SBI MF Buys ADF Foods, ICICI Pru Boosts Pfizer Stake

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AuthorAnanya Iyer|Published at:
MF Bulk Deals: SBI MF Buys ADF Foods, ICICI Pru Boosts Pfizer Stake
Overview

On April 24, institutional investors were active. SBI Funds Management acquired a 2% stake in ADF Foods, and ICICI Prudential Mutual Fund substantially increased its holding in Pfizer Limited. Other notable fund trades occurred in VA Tech Wabag and Orient Electric.

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ICICI Prudential Boosts Pfizer Stake

ICICI Prudential Mutual Fund bought 4 lakh shares of Pfizer Limited, a 0.87% stake worth Rs 188 crore, at Rs 4,700 per share. Meanwhile, Goldman Sachs Funds sold 4.26 lakh shares (0.93%) for Rs 200.25 crore at a similar price. Pfizer shares dipped 0.42% to Rs 4,700 on the BSE on high volume.

SBI Funds Buys Into ADF Foods

SBI Funds Management acquired a 2% equity stake in food processor ADF Foods. The deal involved 22 lakh shares bought at about Rs 260 each, totaling Rs 57.19 crore. ADF Foods shares climbed 4.44% to Rs 260.15 on the NSE. The stock has surged 55.6% this month.

Other Notable Fund Trades

BlackRock's iShares Global Water UCITS ETF increased its stake in VA Tech Wabag by 0.79% (4.92 lakh shares) for Rs 73.47 crore. Nippon India Mutual Fund bought 12.85 lakh shares (0.6% stake) in consumer electric brand Orient Electric for Rs 23.9 crore. VA Tech Wabag shares rose nearly 2%, while Orient Electric dipped 1.22%, possibly from profit-taking. Brookfield India Real Estate Trust saw units exchanged as Dezerv Investments bought from Nuvama Wealth Finance. Rational Equity Flagship Fund I sold a 0.51% stake in South West Pinnacle Exploration, whose shares fell 8.29%.

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