According to a July 9 filing on BSE, Kacholia trimmed his equity stake by 52 bps to 3.81% but later added 10 bps to bring it to 3.91% at the end of the September quarter.
The celebrity investor reduced his stake in Safari Industries in the September-ended quarter to 2.1% from 2.29% in the April-June period. On Monday, the stock today fell over 1% to the days low of Rs 4,202.70 on the NSE. It has fallen over 6% in the last five trading sessions.
In addition to it, the board has finalised the allotment of 50,00,000 (50 lakh) fully convertible warrants for cash at an issue price of Rs 183.60 per warrant
As per the BSE website, Balu Forge shares have delivered a multibagger return of 134 per cent in just six months. The stock has rallied more than 200 per cent in the past year. Get more Stocks News and Business News on Zee Business.