VST Industries Block Deal: Meanwhile, SBI Mutual Fund has also bought 1.4% stake in the transaction, under which the sellers were HDFC Mutual Fund and DSP Mutual Fund. Both the funds offloaded nearly 3% stake in combination. According to the latest shareholding data, VST Industries is majority-owned by public shareholders at 67%, while promoters have the rest 32%.
Shares of VST Industries shot up over 6% and hit their 52-week high of Rs 4,324.70 on the NSE on Wednesday following an additional 1.44% stake purchase by Radhakishan Damani on Tuesday. The billionaire investor and founder of Avenue Supermarts is already the largest shareholder in the company.
Meanwhile, SBI Mutual Fund has also bought 1.4% stake in the transaction, under which the sellers were HDFC Mutual Fund and DSP Mutual Fund. Both the funds offloaded nearly 3% stake in combination. According to the latest shareholding data, VST Industries is majority-owned by public shareholders at 67%, while promoters have the rest 32%.